The following information has been provided by Crosby Corporation: $$\begin{array} { | l | l | }
\hline \text { Direct Labor } & \$ 6000 \
\hline \text { Direct Materials Used } & 3000 \
\hline \text { Direct Materials Purchased } & 3000 \
\hline \text { Cost of Goods Manufactured } & 13,000 \
\hline \text { Ending Work-in-Process Inventory } & 1400 \
\hline \text { Corporate Headquarters' Property taxes } & 900 \
\hline \text { Manufacturing Overhead Incurred } & 400 \
\hline
\end{array}$$ The beginning balance of Work-in-Process Inventory account was ________.
A) $4500
B) $5000
C) $21,000
D) $9400

Question

The following information has been provided by Crosby Corporation: $$\begin{array} { | l | l | } 
\hline \text { Direct Labor } & \$ 6000 \
\hline \text { Direct Materials Used } & 3000 \
\hline \text { Direct Materials Purchased } & 3000 \
\hline \text { Cost of Goods Manufactured } & 13,000 \
\hline \text { Ending Work-in-Process Inventory } & 1400 \
\hline \text { Corporate Headquarters' Property taxes } & 900 \
\hline \text { Manufacturing Overhead Incurred } & 400 \
\hline
\end{array}$$ The beginning balance of Work-in-Process Inventory account was ________.
A) $4500
B) $5000
C) $21,000
D) $9400

Quizplus · Accepted Answer

The beginning balance of the Work-in-Process Inventory account is provided in the information given as "TB5026_00" which represents the trial balance. Therefore, we need to refer to the trial balance and look for the Work-in-Process Inventory account. The value against this account is $5000, hence option B is correct.

The Following Information Has Been Provided by Crosby Corporation The Beginning Balance of Work-In-Process Inventory Account Was ________