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THE Company provided the following information for February:
February 1 February 28
Work in process $43,000 $56,000Finished goods $84,000 $71,000
Sales revenue ........... $509,000Direct labor ............ $391,000 Gross profit ............ $ 63,000
Question 1: THE Company's cost of goods manufactured for February was equal to:
Group of answer choices
Option 1: $496,000
Option 2: $467,000
Option 3: $459,000
Option 4: $446,000
Option 5: $441,000
Option 6: $433,000
Option 7: none of the above choices are correct
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