During the Month of May, Blackburn Inc

Multiple Choice

During the month of May, Blackburn Inc. had cost of goods manufactured of $120,000, direct materials cost of $60,000, direct labour cost of $37,000, and manufacturing overhead cost of $26,000. The work-in-process balance at May 31 equalled $10,000. What was the work-in-process balance on May 1?

A) $7,000
B) $10,000
C) $13,000
D) $115,000