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circle the answer Santos Inc had the following information for the preceding year. Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning Ending

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Santos Inc had the following information for the preceding year. Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning Ending Inventory Inventory (1/1) (12/31) $ 42,700 $ 32,600 $ 39,690 5 ?? $ 34,000 $ ?? Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $208,500 $155, 200 $166,700 $527,700 $551,800 What was the ending Work in Process Inventory balance on 12/31? Multiple Choice o $55.300 0541700 Lost of goods sold 3527,709 5551,800 What was the ending Work in Process Inventory balance on 12/31? Multiple Choice $55,300 $41,700 $16,300 $63.100

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