The cost of goods manufactured

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Reference no: EM131215997

1. A company used $35,000 of direct materials, incurred $73,000 in direct labor cost, and had $114,000 in factory overhead costs during the period. If beginning and ending work in process inventories were $28,000 and $32,000, respectively, the cost of goods manufactured was

a. $190,000

b. $226,000

c. $222,000

d. $218,000

B. The cost of goods sold for Michaels Manufacturing in the current year was $233,000. The January 1 finished goods inventory balance was $31,600, and the December 31 finished goods inventory balance was $24,200. Cost of goods manufactured during the period was

a. $225,600

b. $233,000

c. $240,400

d. $288,800

Reference no: EM131215997

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