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What is the cost of goods manufactured assuming the following data? M

/in /by

What is the cost of goods manufactured assuming the following data?
Materials inventory, January 1 – $33,660; materials purchases – $148,800; direct labor – $120,000; work in process inventory, January 1 – $336,000; selling expense – $28,800; materials inventory, December 31 – $48,000; manufacturing overhead – $360,000; work in process inventory, December 31 – $288,000; transportation-in – $600.

A. $615,060
B. $663,060
C. $567,060
D. $255,060
E. $283,530

 
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