Using the following data calculate the beginning work in, Ask an Expert

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Using the following data, find out the beginning work in process inventory.
Cost of goods sold: $70
Direct labor: $20
Direct materials: $15
Cost of goods manufactured: $80
Work in process ending: $10
Finished goods ending: $15
Manufacturing overhead: $30

what is the beginning work in process inventory ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M966169

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