Reference no: EM131774405
Problem - Mane Company has inventory balances at beginning of January.
Raw Material Inventory $71,568
Work in Process Inventory $109,788
Finished Goods Inventory $92,757
During January, Mane incurred $106,806 in overhead costs and direct labor cost of $193,200. Materials costing $51,891 were entered into production, and materials costing $65,541 were purchased. At the end of the month, the following inventory balances remained:
Raw Material Inventory $85,218
Work in Process Inventory $17,640
Finished Goods Inventory $10,017
What is Mane's Cost of Goods Sold for January?
Please help confirm Cost of Goods sold for January.
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