During FY 2018 Bay Manufacturing had total manufacturing costs of $428,000. Their cost of goods manufactured for the year was $457,000. The January 1, 2019 balance of Work-in-Process Inventory is $58,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter4: Job Order Costing
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Problem 4EB: Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials...
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Accounting

During FY 2018 Bay Manufacturing had total manufacturing costs of
$428,000. Their cost of goods manufactured for the year was $457,000.
The January 1, 2019 balance of Work-in-Process Inventory is $58,000.
Use this information to determine the dollar amount of the FY 2018
beginning Work-in-Process Inventory.
(Round dollar values & enter as whole dollars only.)
Transcribed Image Text:During FY 2018 Bay Manufacturing had total manufacturing costs of $428,000. Their cost of goods manufactured for the year was $457,000. The January 1, 2019 balance of Work-in-Process Inventory is $58,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)
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