Reference no: EM133150731

Question - Stephenson Company's computer system recently crashed, erasing much of the company's financial data. The following accounting information was discovered soon afterwards on the CFO's back-up computer data.

Cost of Goods Sold $380,000

Work-in-Process Inventory, Beginning 30,000

Work-in-Process Inventory, Ending 40,000

Selling and Administrative Expense 50,000

Finished Goods Inventory, Ending 15,000

Finished Goods Inventory, Beginning ?

Direct Materials Purchased 171,000

Factory Overhead Applied 112,000

Operating Income 22,000

Direct Materials Inventory, Beginning 18,000

Direct Materials Inventory, Ending 6,000

Cost of Goods Manufactured 340,000

Direct Labor 55,000

The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end. What should be the amount of total manufacturing cost?