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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Definitions:

Pia Mater

The delicate innermost layer of the meninges that covers the brain and spinal cord, supporting blood vessels.

Dura Mater

The outermost, thick, and durable membrane of the three layers of the meninges that envelop the brain and spinal cord, providing protection.

Sciatic Nerve

A large nerve that runs from the lower back down the back of each leg, involved in controlling the muscles of the back of the knee and lower leg.

Spinal Cord

A major part of the central nervous system that extends from the base of the skull to the lower back and is responsible for transmitting nerve signals between the brain and the body.