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

question 1

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

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Definitions:

Reproductive Fitness

The genetic contribution an individual makes to the next generation's gene pool, often measured by the number of offspring that survive to reproductive age.

Prospective Mate

An individual considered by another as a potential partner in a romantic relationship, assessing compatibility for a possible future together.

Good Genes

A hypothesis suggesting that certain traits, which are perceived as attractive, are signals of good health and genetic fitness.

Proximity

The physical or psychological closeness between people, which can influence their likelihood to form relationships or bond.