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A company began the year with a $1,000 balance in the Work in Process Inventory and ended the year with $5,000 in that account. During

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A company began the year with a $1,000 balance in the Work in Process Inventory and ended the year with $5,000 in that account. During the year, the company put into production direct materialscosts of $3,000direct labor $7.000 and factory overhead applied $10,000. In a job order costing system the total amount credited to Work in Process Inventory during the year must have been: Multiple Choice O $24.000 O $25.000 $19.000 o none of the above % 00:11:13 ABLE corporation has the following information: Raw materials inventory, January 1 $20,000 Raw materials inventory, December 31. 40,000 Work in process inventory, January 1. 18,000 Work in process inventory, December 31. 12,000 Finished Goods inventory, January 1 4 0,000 Finished Goods inventory, December 31. 32,000 Raw materials purchases 1,700,000 Direct labor 760,000 Factory utilities 150,000 Indirect labor 50,000 Factory depreciation 400,000 Operating expenses 420,000 What is the cost of goods manufactured? Fill in the blank

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