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During 2009 the company purchased 234000 of direct raw

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The following beginning and ending inventory balances apply to XYZ's 2009 accounting period:

  • Numbers are shown as Beginning, Ending
  • Raw Materials Inventory $24,000, $22,000
  • Work in Process Inventory $32,000, $33,000
  • Finished Goods Inventory $20,000, $17,000

During 2009, the company purchased $234,000 of direct raw materials. It incurred $180,000 of direct labor costs for the year and allocated $260,000 of manufacturing overhead costs to work in process. There was no overapplied or underapplied overhead. Revenue from goods sold during the year was $800,000.The amount of cost of goods manufactured was what?

Reference no: EM13599309

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