Reference no: EM131799475

Question - Entin Corporation reported the following data for the month of January:

inventories beginning ending

raw materials $32000 $38000

Work in process $11000 $17000

finished goods $45000 $47000

Additional information

raw materials purchases $65000

direct labor cost $88000

manufacturing overhead cost incurred $64000

indirect materials included in manufacturing overhead cost incurred $3000

manufacturing overhead cost applied to work in process $61000

1. The direct materials cost for January is:

$71,000

$56,000

$59,000

$65,000

2. The cost of goods manufactured for January is:

$202,000

$217,000

$214,000

$199,000

3. The adjusted cost of goods sold that appears on the income statement for January is:

$197,000

$200,000

$201,000

$199,000