The accounts of Delphinia Dreams, Inc showed the following balances at the beginning of October
Account Debit
Raw Materials Inventory $31,000
Work-in-Process Inventory 44,000
Finished Goods Inventory 54,000
Manufacturing Overhead 20,000
During the month, direct materials amounting to $21,000 and indirect materials amounting to $6,000 were issued to production. What is the ending balance in the Work-in-Process Inventory account following these two transactions?
A) $44,000
B) $65,000
C) $10,000
D) $26,000
B .B)
Beginning balance in WIP $44,000
Add: Direct Materials transferred 21,000
Ending balance $65,000
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