At the Beginning of the Year,Conway Manufacturing Had the Following $\begin{array}{llr} \text { Work-in-Process Inventory } &\\\hline\begin{array}{l|l}20,000&\\\\\\\\\end{array}\end{array}$

question 166

Multiple Choice

At the beginning of the year,Conway Manufacturing had the following account balances: $\begin{array}{llr} \text { Work-in-Process Inventory } &\\\hline\begin{array}{l|l}20,000&\\\\\\\\\end{array}\end{array}$
$\begin{array}{c} \text {Finished Goods Inventory } &\\\hline \begin{array}{l|l}8,000&\\\\\\\\\end{array}\end{array}$
$\begin{array}{c}\text { Manufacturing Overhead }&\\\hline \begin{array}{l|l}0&\\\\\\\\\end{array}\end{array}$

$\begin{array}{c}\text { Cost of Goods Sold }&\\\hline \begin{array}{l|l}0&\\\\\\\\\end{array}\end{array}$

$$\begin{array}{c}\text { Sales Revenue }\\\hline\begin{array} { l|l } 0\\\\\\\\\end{array}\end{array}$$ The following additional details are provided for the year:
$$\begin{array} { | l | r | } \hline \text { Direct materials placed in production } & \$ 82,400 \\\hline \text { Direct labor incurred } & 190,000 \\\hline \text { Manufacturing overhead incurred } & 301,000 \\\hline \begin{array} { l } \text { Manufacturing overhead allocated to } \\\text { production }\end{array} & 295,900 \\\hline \text { Cost of jobs completed and transferred } & 501,000 \\\hline\end{array}$$ The ending balance in the Work-in-Process Inventory account is a ________.

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