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Starbucks Company reports the following information: Cost of goods manufactured $68,250 Direct materials used 27,000 Direct labor incurred 25,000 Work in process inventory, January 1

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Starbucks Company reports the following information: Cost of goods manufactured $68,250 Direct materials used 27,000 Direct labor incurred 25,000 Work in process inventory, January 1 13,750 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is $18,750 $13,500 $16,250 $8,500 None of the above

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