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ABC Manufacturing Company had the following account balances for the quarter ending March 31: Work-in-process inventory (January 1) $140,400 Work-in-process inventory (March 31) $171,000
ABC Manufacturing Company had the following account balances for the quarter ending March 31: Work-in-process inventory (January 1) $140,400 Work-in-process inventory (March 31) $171,000 Finished goods inventory (January 1) $540,000 Finished goods inventory (March 31) $510,000 Direct materials used $420,000 Indirect materials used $84,000 Direct manufacturing labor $480,000 Indirect manufacturing labor $186,000 Property taxes on manufacturing plant building $28,800 Salespersons' company vehicle costs $12,000 Depreciation of manufacturing equipment $264,000 Depreciation of office equipment $123,600 Miscellaneous plant overhead $135,000 Plant utilities $92,400 General office expenses $305,400 $30,000 Marketing distribution costs What is the cost of goods manufactured?
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