During the month of May, Blackburn Inc. had cost of goods manufactured of $120,000, direct materials cost of $60,000, direct labour cost of $37,000, and manufacturing overhead cost of $26,000. The work-in-process balance at May 31 equalled $10,000. What was the work-in-process balance on May 1?

Question

Quizplus · Accepted Answer

The correct answer is A because the work-in-process balance on May 1 is equal to the cost of goods manufactured for May minus the direct materials cost, direct labour cost, and manufacturing overhead cost for May, plus the work-in-process balance at May 31.

During the Month of May, Blackburn Inc