Reference no: EM132842335

Question - Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting information remained in the office files:

Cost of goods sold $88,250

Work in process inventory, January 1, 2016 21,800

Work in process inventory, December 31, 2016 17,250

Selling and Administrative Expenses 20,400

Net Income 35,500

Factory overhead 21,650

Direct materials inventory, January 1, 2016 28,200

Direct materials inventory, December 31, 2016 15,375

Cost of goods manufactured 107,350

Finished goods inventory, January 1, 2016 35,675

Direct labor cost incurred during the period amounted to 2.5 times the factory overhead. The CFO of Tierney Construction, Inc. has asked you to recalculate the following accounts and to report to him by the end of tomorrow.

Required - What should be the amount of total manufacturing cost?