Answer:
option (b) $9,360
Step-by-step explanation:
Given:
Goods in Process Inventory
Balance = $6,300
Direct materials = $22,500
Direct labor = $17,100
Overhead = $11,700
The cost of units in ending goods in process inventory = $5,490
The cost of started and completed units = $42,750
Now,
The cost of total Goods in Process Inventory will be
= Balance + Direct materials + Direct labor + Overhead
= $6,300 + $22,500 + $17,100 + $11,700
= $57,600
also,
Cost of units to be transferred out
= cost of total Goods in Process Inventory - ( cost of units in ending goods in process inventory )
= $57,600 - $5,490
= $52,110
Thus,
Cost of Completed Goods in Beginning Inventory
= Cost of units to be transferred out - cost of started and completed units
= $52,110 - $42,750
= $9,360
Hence, the answer is option (b) $9,360
