Reference no: EM132946349

Darius Manufacturing, Inc. provided the following information for the year:

Purchases - Direct Materials $91,000

Plant Utilities and Insurance 67,500

Indirect Materials Used 11,360

Indirect Labor 4,410

Direct Materials Used in Production 99,000

Direct Labor 118,000

Depreciation on Factory Plant and Equipment 7,000

Cost of Goods Manufactured 291,000

The inventory account balances as of January 1 are given below.

Direct Materials $40,000

Work-in-Process Inventory 1,100

Finished Goods Inventory 50,000

Problem 1: What is the ending balance in the Work-in-Process Inventory account?

A. $50,000

B. $17,370

C. $1,100

D. $38,900