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Determine the cost of goods sold

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Reference no: EM131720168

Question - Given the following information, determine the cost of goods sold.

Direct Labor Incurred $62,000
Manufacturing Overhead Incurred 175,000
Direct Materials Used 150,000
Finished GoodsInventory, Jan. 1 198,000
Finished GoodsInventory, Dec. 31 98,500
Work-in-Process Inventory, Jan. 1 221,000
Work-in-Process Inventory, Dec. 31

108,000

A. $599,500

B. $608,000

C. $500,000

D. $296,500

Reference no: EM131720168

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