Reference no: EM133187003
Question - Given the following information, determine the cost of goods manufactured.
Direct Labor Incurred $63,000
Manufacturing Overhead Incurred 179,500
Direct Materials Used 150,000
Finished Goods Inventory, 1/1/2015 197,500
Finished Goods Inventory, 12/31/2015 221,000
Work-in-Process Inventory, 1/1/2015 96,500
Work-in-Process Inventory, 12/31/2015 129,000