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Compute the dollar amount of Work-in-Process Inventory

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Question 1: During FY 2018 Bay Manufacturing had total manufacturing costs are $432,000. Their cost of goods manufactured for the year was $425,000. The January 1, 2019 balance of Work-in-Process Inventory is $56,000. Use this information to compute the dollar amount of the FY 2018 beginning Work-in-Process Inventory.

Question 2: Frederick Company's January 1, 2018 finished goods inventory was $46,000. The January 1, 2019 finished goods inventory is $93,000. Cost of goods manufactured for the FY 2018 was $373,000. Use this information to compute the dollar amount of the FY 2018 cost of goods sold.

Reference no: EM132653903

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