Post Utme Futo 2019 Accounting Question 9

A company uses a job costing system to account for its manufacturing operations. The company has two departments: Cutting and Assembly. The Cutting department has a balance of ₦120,000 in its Work-in-Progress (WIP) account at the beginning of the year. During the year, the Cutting department incurs expenses of ₦150,000 and adds ₦180,000 to WIP. The Assembly department has a balance of ₦80,000 in its WIP account at the beginning of the year. During the year, the Assembly department incurs expenses of ₦100,000 and adds ₦120,000 to WIP. What is the total WIP balance for the company at the beginning of the year?