How do I calculate the beginning work-in process inventory. Better questioning would be what two things do I look

for to find the beginning work-in process inventory ATTACHMENT PREVIEW Download attachmentProblem 1(25 points)Purchases of raw materials$120,000.00Raw materials available for use$148,000.00Cost of direct raw materials used$124,000.00Manufacturing overhead$24,000.00Total manufacturing costs$310,000.00Ending work-in-process inventory$(46,000.00)Cost of goods manufactured$306,000.00Schedule of Cost of Goods ManufacturedBeginning inventory, raw materials$28,000.00Plus: Purchases of raw materials$120,000.00Raw materials available for use$148,000.00Less: Ending raw materials inventory$24,000.00Cost of direct raw materials used$124,000.00Direct laborManufacturing overhead$24,000.00Total manufacturing costs$310,000.00Plus: Beginning work-in-process inventoryTotal work in process$310,000.00Less: Ending work-in-process inventoryCost of goods manufactured$310,000.00Required:Use the following informa±on to complete the belowschedule of cost of goods manufactured.

View the AnswerProblem 2(25 points)Break-even point in unitsFixed CostsContribuTon margin per unitBreak-even point in dollarsBreak-even point in units * selling priceRequired:JZ is a musician who is considering whether to independently produce and sella CD. JZ esTmates fxed costs o± $10,000 and variable costs o± $4.00 per unit. ²heexpected selling price is $12 per CD. What is JZ’s break-even point in units and dollars?

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