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09 Richards Company manufactures a single product. All raw materials used were direct materials. Current information for the com Beginning raw materials inventory Ending raw
09 Richards Company manufactures a single product. All raw materials used were direct materials. Current information for the com Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory The company's cost of direct materials used, cost of goods manufactured and cost of goods sold are: Cost of Materials Used Option A $105,000 Option B $107,000 Option C $103,000 Option D $103,000 Option E $107,000 Cost of Goods Manufactured $338,000 $338,000 $308,000 $338,000 $308,000 $ 25,000 27,000 105,000 55,000 40,000 145,000 75,000 70,000 60,000 Cost of Goods Sold $328,000 $348,000 $328,000 $348,000 $338,000
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