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Accounting

Problem:

Beige Company has a beginning balance in the Work in Process Inventory account of $230,000. Current manufacturing costs for the period are $580,000.

Required:

If the cost of goods manufactured is $750,000, what is the ending balance in the Work in Process Inventory account?

$1,100,000
$1,560,000
$60,000
$400,000

Note: Please provide through step by step calculations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165545

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