At the beginning of the year, Swift. Inc.'s Work - in - Process Inventory account had a
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Question:
At the beginning of the year, Swift. Inc.'s Work - in - Process Inventory account had a balance of $120.000. During the year. $250,000 of direct materials were used in production. and $73.000 of direct labor costs were incurred. Manufacturing overhead amounted to $841.000. The cost of goods manufactured was $677.000. What is the balance in the Work - in - Process Inventory account on December 31?
• A. $677,000
• B. $1,354,000
• C. $607,000
• B. $1,164,000
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