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NS Corp. reported the following information for the year ended December 31, 2023: Raw materials used in production $ 800,000 Direct labour 700,000 Total overhead
NS Corp. reported the following information for the year ended December 31, 2023: Raw materials used in production $ 800,000 Direct labour 700,000 Total overhead costs 900,000 Ending work-in-process (WIP) inventory 400,000 Cost of goods manufactured 2,500,000 Which one of the following represents the balance in WIP inventory on January 1, 2023? Spreadsheet Xlsx Available answer options Select only one option A $ 100,000 B $ 300,000 C $ 500,000 D $1,300,000
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