1-Jul 31-Jul Raw materials inventory $5,000 Work in process inventory ? $4,000 Finished goods inventory $12,000 ? Other data: Cost of goods manufactured $105,000 Raw materials used $40,000 Manufacturing overhead costs 20,000 Direct labor costs 39,000 Gross profit 100,000 Sales 210,000 The beginning work in process inventory was:
1-Jul 31-Jul Raw materials inventory $5,000 Work in process inventory ? $4,000 Finished goods inventory $12,000 ? Other data: Cost of goods manufactured $105,000 Raw materials used $40,000 Manufacturing overhead costs 20,000 Direct labor costs 39,000 Gross profit 100,000 Sales 210,000 The beginning work in process inventory was:
Chapter1: Financial Statements And Business Decisions
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