13/14

Direct materials used in production were $100,000; direct labor was $200,000; and manufacturing (factory) overhead was $300,000. The beginning work in process $40,000; and the ending work in process was $50,000. The cost of goods manufactured is A) $300,000 B) $590,000 C) $600,000 D) $610,000 E) none of the above Cost of goods manufactured was $500,000; the beginning finished goods was $30,000; and the ending finished goods was $10,000. The cost of goods available for sale is A) $470,000 B) $490,000 C) $510,000 D) $530,000 E) none of the above Direct materials used in production were $100,000; direct labor was $200,000; and manufacturing (factory) overhead was $300,000. The beginning work in process $40,000; and the ending work in process was $50,000. The cost of goods manufactured is A) $300,000 B) $590,000 C) $600,000 D) $610,000 E) none of the above Cost of goods manufactured was $500,000; the beginning finished goods was $30,000; and the ending finished goods was $10,000. The cost of goods available for sale is A) $470,000 B) $490,000 C) $510,000 D) $530,000 E) none of the above