Chapter 15, Problem 13ICA

I need help solving this general accounting question with the proper methodology.

I am looking for help with this general accounting question using proper accounting standards.

During FY 2005 Plastic Manufacturing had total manufacturing costs are $418,000. Their cost of goods manufactured for the year was $448,000. The January 1, 2006 balance of the Work-in-Process Inventory is $49,000. Use this information to determine the dollar amount of the FY 2005 beginning Work-in-Process Inventory.