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Kansas Plating Company reported a cost of goods manufactured of $260,000, with the firm's year-end balance sheet revealing work in process and finished goods of $35,000 and $67,000, respectively. If supplemental information disclosed raw materials used in production of $40,000, direct labor of $70,000, and manufacturing overhead of $120,000, the company's beginning work in process must have been:

1.some other amount.

2.$97,000.

3.$37,000.

4.$65,000.

5.$5,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948707

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