Mueller company reports the following data for the year just ended: Raw materials used in production: $800,000
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Question:
Mueller company reports the following data for the year just ended:
Raw materials used in production: $800,000
Direct labor: $700,000
Total overhead costs: $900,000
Ending WIP inventory: $400,000
COGM: $2,500,000
What was the beginning work in progress inventory?
a). 300,000
b). 500,000
c). 1,300,000
d). 100,000
Related Book For
Financial Accounting
ISBN: 978-0324645576
10th edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice
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