The Following Information Has Been Provided by Squash Company The Beginning Balance of the Work in Process Inventory Account

question 29

Multiple Choice

The following information has been provided by Squash Company:
$$\begin{array} { | l | l | } \hline \text { Direct labour } & \$ 6500 \\\hline \text { Direct materials used } & 2000 \\\hline \text { Raw materials purchased } &8000 \\\hline \text { Cost of goods manufactured } & 17,000 \\\hline \text { Ending work in process inventory } & 1500 \\\hline \text { Corporate headquarters' property rates } & 300 \\\hline \text { Manufacturing overhead incurred } & 420 \\\hline\end{array}$$
The beginning balance of the Work in process inventory account was ________.

• A) $24,420
• B) $9580
• C) $8920
• D) $9700

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