The following information has been provided by Buffalo Company: • Direct labour: $100 000
• Direct materials used: $40 000
• Direct materials purchased: $67 000
• Cost of goods manufactured: $199 000
• Ending work in process: $46 000
• Corporate headquarters' property rates: $6 000
• Manufacturing overhead: $79 000
How much was Buffalo's beginning work in process?
A)$42 000
B)$26 000
C)$20 000
D)$66 000

Question

Quizplus · Accepted Answer

The Answer of The following information has been provided by Buffalo Company: • Direct labour: $100 000
• Direct materials used: $40 000
• Direct materials purchased: $67 000
• Cost of goods manufactured: $199 000
• Ending work in process: $46 000
• Corporate headquarters' property rates: $6 000
• Manufacturing overhead: $79 000
How much was Buffalo's beginning work in process?
A)$42 000
B)$26 000
C)$20 000
D)$66 000

The Following Information Has Been Provided by Buffalo Company: •