The Following Information Has Been Provided by Nugget Company Calculate the Beginning Balance of the Work-In-Process Inventory Account

question 104

Multiple Choice

The following information has been provided by Nugget Company: $$\begin{array} { | l | r | } \hline \text { Direct Labor } & \$ 25,000 \\\hline \text { Direct Materials Used } & 10,000 \\\hline \text { Raw Materials Purchased } & 16,750 \\\hline \text { Cost of Goods Manufactured } & 49,750 \\\hline \text { Ending Work-in-Process Inventory } & 11,500 \\\hline \text { Corporate Headquarters' Property Taxes } & 1,500 \\\hline \text { Manufacturing Overhead } & 19,750 \\\hline\end{array}$$ Calculate the beginning balance of the Work-in-Process Inventory account.

• A) $5,000
• B) $10,500
• C) $6,500
• D) $16,500

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