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Donald's Manufacturing, Inc. provided the following information for the year. Purchases-Direct Materials $90,000 Plant Utilities and Insurance 67,500 Indirect Materials Used 11,040 Indirect Labor 4420
Donald's Manufacturing, Inc. provided the following information for the year. Purchases-Direct Materials $90,000 Plant Utilities and Insurance 67,500 Indirect Materials Used 11,040 Indirect Labor 4420 Direct Materials Used in Production 99,000 Direct Labor 119.500 Depreciation on Factory Plant and Equipment 5000 Cost of Goods Manufactured 291,500 The inventory account balances as of January 1 are given below. Direct Materials $46,000 Work-in-Process Inventory 100 50,000 Finished Goods Inventory What is the ending balance in the Work-in-Process Inventory account? O $45,000 O $50,000 O $1000 O $15,960
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