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Compute what was the cost of goods manufactured

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Reference no: EM132521661

Mukundan Company uses a job-order costing system. Manufacturing overhead is applied to Work in Process inventory using a predetermined overhead rate. During the current month, the company's transactions included the following:

Direct materials issued to production $ 360,000

Indirect materials issued to priduction 32,000

Direct labor cost incurred 428,000

Manufacturing overhead cost applied 452,000

Manufacturing overhead cost incurred 500,000

Question 1: The company had no beginning or ending inventories in the current month. What was the cost of goods manufactured?

A) $1,320,000

B) $1,288,000

C) $1,240,000

D) $1,208,000

Reference no: EM132521661

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