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Concord Inc's accounting records reflect the following inventories: During 2022, Concord purchased $140100 of raw materials, incurred direct labor costs of $290800, and incurred manufacturing
Concord Inc's accounting records reflect the following inventories: During 2022, Concord purchased $140100 of raw materials, incurred direct labor costs of $290800, and incurred manufacturing overhead totaling $158100. (Assume that all raw materials used were direct materials.) Assume Concord's cost of goods manufactured for 2022 amounted to $1628000. What amount would the company report as cost of goods sold for the year? $1732800 $1615700 $1640300 $1535500
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