Find dollar amount beginning work-in-process inventory


Problem: During FY 2018 Bay Manufacturing had total manufacturing costs are $412,000. Their cost of goods manufactured for the year was $427,000. The January 1, 2019 balance of Work-in-Process Inventory is $44,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory.

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Accounting Basics: Find dollar amount beginning work-in-process inventory
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