Principles of Financial Accounting.
Principles of Financial Accounting.
24th Edition
ISBN: 9781260158625
Author: Wild
Publisher: MCG
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Chapter C, Problem 9DQ
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During FY 2021 GE Production had total manufacturing costs of $583,000. Their cost of goods manufactured for the year was $527,000. The January 1, 2022 balance of Work-in-Process Inventory is $92,000. Use this information to determine the dollar amount of the FY 2021 beginning Work-in-Process Inventory.
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