Question: Using the following data, calculate the beginning work in process inventory. Cost of goods sold $70 Direct labor $20 Direct materials $15 Cost of goods
Using the following data, calculate the beginning work in process inventory.
Cost of goods sold $70 Direct labor $20 Direct materials $15 Cost of goods manufactured $80 Work in the process ending $10 Finished goods ending $15 Manufacturing overhead $30
The beginning work in process inventory is: A. $15 B. $20 C. $25 D. $25
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