The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October:...
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Accounting
The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October:
Account Debit
Raw Materials Inventory $31,000
Work-in-Process Inventory 42,000
Finished Goods Inventory 52,000
Manufacturing Overhead 20,000
During the month, direct materials amounting to $22,000 and indirect materials amounting to $5,000 were issued to production.
Required: What is the ending balance in the Work-in-Process Inventory account following these two transactions?
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