Darius Manufacturing,Inc The Inventory Account Balances as of January 1 Are Given

question 38

Multiple Choice

Darius Manufacturing,Inc.provided the following information for the year: $\begin{array}{|l|r|}\hline \text { Purchases }- \text { Direct Materials } & \$ 90,000 \\\hline \text { Plant Utilities and Insurance } & 67,500 \\\hline \text { Indirect Materials Used } & 11,040 \\\hline \text { Indirect Labor } & 4420\\\hline \text { Direct Materials Used in Production } & 99,000 \\\hline \text { Direct Labor } & 119,500 \\\hline \text { Depreciation on Factory Plant and Equipment } & 5000 \\\hline \text { Cost of Goods Manufactured } & 291,500\\\hline \end{array}$ The inventory account balances as of January 1 are given below.
$$\begin{array} { | l | r | } \hline \text { Direct Materials } & \$ 46,000 \\\hline \text { Work-in-Process Inventory } & 1000 \\\hline \text { Finished Goods Inventory } & 50,000 \\\hline\end{array}$$ What is the ending balance in the Work-in-Process Inventory account?

• A)$15,960
• B)$1000
• C)$50,000
• D)$45,000

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