The Following Information Has Been Provided by New Age,Inc Calculate the Beginning Balance of the Work-In-Process Inventory Account

question 211

Multiple Choice

The following information has been provided by New Age,Inc.: $\begin{array} { | l | r | } \hline \text { Direct Labor } & \$ 25,100 \\\hline \text { Direct Materials Used } & 11,000 \\\hline \text { Direct Materials Purchased } & 16,710 \\\hline \text { Cost of Goods Manufactured } & 49,000 \\\hline \text { Ending Work-in-Process Inventory } & 11,200 \\\hline \text { Corporate Headquarters' Property Taxes } & 1500 \\\hline \text { Manufacturing Overhead } & 19,350 \\\hline\end{array}$ Calculate the beginning balance of the Work-in-Process Inventory account.

• A) $93,250
• B) $60,200
• C) $4750
• D) $44,250

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Definitions:

Slow-Wave Sleep

A deep stage of sleep characterized by low-frequency, high-amplitude brain waves, associated with physical and mental restoration.

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness, often referred to as the "sleep hormone."

Circadian Rhythm

The physical, mental, and behavioral changes that follow a 24-hour cycle, primarily responding to light and darkness in an organism's environment.

Natural Substance

refers to any product or material found in nature, not artificially produced, often used in context with foods, medicines, and other products.