During the month of June, Telecom Inc. had cost of goods manufactured of $142,000, direct...
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Accounting
During the month of June, Telecom Inc. had cost of goods manufactured of $142,000, direct materials cost of $52,000, direct labor cost of $41,000 and overhead costs of $33,000. The work in process balance at June 30 equaled $10,000. What was the work in process balance on June 1?
A 30,000
B 26,000
C 10,000
D 6,000
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