Reference no: EM132660034

Anthony Co. manufactures office furniture at its plant in Ontario. In August, the plant accountant collected the following data concerning operations during the month of July:

Purchases of raw materials $ 48,000

Direct labour 75,000

Manufacturing overhead 110,200

Sales revenue 455,000

Various Selling and Administrative expenses:

Depreciation 25,000

Salaries and wages 67,000

Utilities 3,000

Advertising 6,000

Sales commissions 12,000

Inventory                Beginning             Ending

Raw materials         $12,000                $21,000

Work in process          48,000              67,000

Finished goods              30,000            36,000

Problem 1: In a schedule of Cost of Goods Manufactured, the cost of goods manufactured would be