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Determine what is the cost of goods manufactured

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Reference no: EM132593973

Ace4 Industries provided the information listed below

Direct Materials - $299,400

Direct Labor - $132,900

Factory Overhead Costs - $264,900

General and Administrative Expenses - $86,400

Selling Expenses - $49,700

Work in Process Inventory, Jan 1 - $119,400

Work in Process Inventory, December 31 - $126,800

Finished Goods Inventory, January 1 - $233,000

Finished Goods Inventory, December 31 - $239,600

Question 1: What is the cost of goods manufactured?

Option A. $683,200

Option B. $704,600

Option C. $697,200

Option D. $689,800

Option E. $771,894

Option F. $776,200

Reference no: EM132593973

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