Multiple Choice
During the month of June, Telecom Inc. had cost of goods manufactured of $112,000, direct materials cost of $52,000, direct labor cost of $37,000 and overhead cost of $26,000. The work in process balance at June 30 equaled $10,000. What was the work in process balance on June 1?
A) $7,000
B) $13,000
C) $10,000
D) $115,000
Correct Answer:
Verified
Correct Answer:
Verified
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