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11. Using the following data, calculate the beginning work in process inventory. Cost of goods sold........... $70 Direct labor....... $20 Direct materials .......... $15 Cost
11. Using the following data, calculate 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 The beginning work in process inventory is: a. $20. b. $15. c. $55. d. $25
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