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At the beginning of the year, Swift, Inc.'s Work in Process Inventory account had a balance of $123,000. During the year, $250,000 of direct materials
At the beginning of the year, Swift, Inc.'s Work in Process Inventory account had a balance of $123,000. During the year, $250,000 of direct materials were used in production, and $73,000 of direct labor costs were incurred. Manufacturing overhead amounted to $806,000. The cost of goods manufactured was $674,000. What is the balance in the Work-in - Process Inventory account on December 31? A. $1,348,000 B. $1,129,000 C. $578,000 D. $674,000
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