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Determine amount of beginning work-in-process inventory

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Question - During FY 2020 Bay Manufacturing had total manufacturing costs are $416,000. Their cost of goods manufactured for the year was $479,000. The January 1, 2021 balance of Work-in-Process Inventory is $45,000. Use this information to determine the dollar amount of the FY 2020 beginning Work-in-Process Inventory. Round to a whole number (no cents).

Reference no: EM133039002

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