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

question 218

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

---

Definitions:

Troubleshooting Skills

The ability to diagnose and resolve problems, typically involving technology or machinery.

Interview

A formal meeting, typically one-on-one, where questions are asked to obtain personal information, opinions, or assessments from the interviewee.

Internship

A temporary position, often for students or recent graduates, offering hands-on experience in a particular field or industry.

Applicant Tracking Systems

Software applications designed to manage and automate the recruitment process, including screening and sorting resumes.