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How to compute the cost of goods manufactured

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Reference no: EM132658389

Problem 1: Using the following information, compute the cost of goods manufactured.

Work-in-process inventory, beginning balance:$71,850

Work-in-process inventory, ending balance:$75,290

Direct materials costs: $182,430

Direct labor costs: $196,570

Actual manufacturing overhead costs: $138,000

Applied manufacturing overhead costs: $142,000

Finished goods inventory, beginning balance:$60,000

Finished goods inventory, ending balance:$72,000

a. $524,440

b. $520,440

c. $528,440

d. $517,560

e. $513,560

f. $521,560

g. $505,560

h. $529,560

Reference no: EM132658389

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