Page 3:\ 34\ Page 4:\ 5\ Page 5:\ \\\\table[[7]]\ Page 6:\

9,10

\ Page 7:\ 11\ 12\ GreenWay Corp.'s Work-in-Process account shows direct materials used

$60,000

and direct-labor cost of

$50,000

. The selling and administration expenses are

$75,000

. Manufacturing overhead applied is

$40,000

, ending work-in-process of

$35,000

, and cost of goods completed and transferred of

$125,000

. From this data, what is the cost of beginning Work-in-Process inventory? (A T-account may help you answer this question)\ a)

$65,000

\ b)

$25,000

\ c)

$10,000

\ d)

$100,000

\ d)

$100,000

\ Page 7 8\ b)

$25,000

\ c)

$10,000

\

-1

\

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