Texas Plating Company Reported a Cost of Goods Manufactured of $520,000

Multiple Choice

Texas Plating Company reported a cost of goods manufactured of $520,000, with the firm's year-end balance sheet revealing work in process and finished goods of $70,000 and $134,000, respectively. If supplemental information disclosed raw materials used in production of $80,000, direct labor of $140,000, and manufacturing overhead of $240,000, the company's beginning work in process must have been:

A) $130,000.
B) $10,000.
C) $66,000.
D) $390,000.
E) None of the answers is correct.