The accounts of delphinia dreams, inc. showed the following balances at the beginning of october: accountdebitraw materials inventory$31,000work−in−process inventory40,000finished goods inventory52,000manufacturing overhead24,000during the month, direct materials amounting to $22,000 and indirect materials amounting to $5,000 were issued to production. what is the ending balance in the work−in−process inventory account following these two transactions?

Ending WIP= $67,000

Explanation:

Giving the following information:

beginning of October:

Raw Materials Inventory$31,000

Work−in−Process Inventory 40,000

Finished Goods Inventory 52,000

Manufacturing Overhead24,000

During the month, direct materials amounting to $22,000 and indirect materials amounting to $5,000 were issued to production.

Ending WIP= Beginning WIP + direct material + indirect material

Ending WIP= 40000 + 22000 + 5000= $67,000

answer/// there is an inverse relationship between price and quantity demanded;