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Carolina Plating Company reported a cost of goods manufactured of $523,000, with the firm's year-end balance sheet revealing work in process and finished goods of
Carolina Plating Company reported a cost of goods manufactured of $523,000, with the firm's year-end balance sheet revealing work in process and finished goods of $78,000 and $137,000, respectively. If supplemental information disclosed raw materials used in production of $88,000, direct labor of $145,000, and manufacturing overhead of $246,000, the company's beginning work in process must have been:
$52,000.
$401,000.
$122,000.
None of these.
$34,000.
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