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	$ 33,000

What is the cost of goods manufactured?

Multiple Choice

• $197,000

• $246,500

• $213,500

• $263,000

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

Beginning raw materials inventory	$ 7,000
Purchases of raw materials	$ 60,000
Ending raw materials inventory	$ 6,500

What is the raw materials used in production?

Multiple Choice

• $67,150

• $60,500

• $46,500

• $81,150