13

Assume the following information from a schedule of cost of goods manufactured: Total manufacturing costs to account for $ 230,000 Ending work in process inventory $ 34,000 What is the cost of goods manufactured? Multiple Choice $247,000 $213,000 $264,000 $196,000

Assume the following information from a schedule of cost of goods manufactured:

Cost of goods manufactured	$	158,000
Beginning work in process inventory	$	30,000
Direct materials used in production	$	50,000
Manufacturing overhead applied to work in process	$	90,000
Total manufacturing costs to account for	$	225,500

15What is the ending work in process inventory?

Multiple Choice

• $157,500

• $67,500

• $117,500

• $97,500