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Assume the following information for 2017: Direct materials used 90,000 Direct labour 130,000 Factory overhead 150,000 Beginning work-in-progress inventory 15,000 Beginning finished good inventory
Assume the following information for 2017: Direct materials used 90,000 Direct labour 130,000 Factory overhead 150,000 Beginning work-in-progress inventory 15,000 Beginning finished good inventory 20,000 Ending work-in- progress inventory 42,000 Selling and administrative expenses 37,500 What was the cost of goods manufactured during the year? A. 370,000 B. 365,000 C. 343,000 D. 333,000
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