Question: Please help me solve this general accounting question using the right accounting principles. Pinterest Manufacturing reported the following information for the year: Cost Component Amount

Please help me solve this general accounting question using the right accounting principles.

Pinterest Manufacturing reported the following information for the year: Cost Component Amount ($) Beginning Work-in-Process Inventory 40,000 Beginning Raw Materials Inventory 15,000 Ending Work-in-Process Inventory 50,000 Ending Raw Materials Inventory 10,000 Raw Materials Purchased 700,000 Direct Labor 300,000 Manufacturing Overhead 160,000 Compute the total cost of work-in-process for the year

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