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26,000 Wong Manufacturing reported the following: What is Wong's cost of goods sold? Revenue $460,000 Beginning inventory of direct materials, January 1, 2015 Purchases of
26,000 Wong Manufacturing reported the following: What is Wong's cost of goods sold? Revenue $460,000 Beginning inventory of direct materials, January 1, 2015 Purchases of direct materials 156,000 Ending inventory of direct materials, December 31, 2015 Direct manufacturing labor 14,000 30,000 Indirect manufacturing costs Beginning inventory of finished goods, January 1, 2015 Cost of goods manufactured 41,000 46,000 239,000 Ending inventory of finished goods, December 31, 2015 Operating costs 45,000 150,000 Q Zoom A $389,000 $239,000 B $240,000 D $390,000
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