Ink Technology's Work in Process Inventory account has a beginning balance of $50,000 and an ending balance of $40,000.Direct materials used are $70,000 and direct labor incurred totals $35,000.Cost of goods sold totals $135,000.Manufacturing overhead applied is $20,000.How much is cost of goods manufactured?

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The Answer of Ink Technology's Work in Process Inventory account has a beginning balance of $50,000 and an ending balance of $40,000.Direct materials used are $70,000 and direct labor incurred totals $35,000.Cost of goods sold totals $135,000.Manufacturing overhead applied is $20,000.How much is cost of goods manufactured?

Ink Technology's Work in Process Inventory Account Has a Beginning