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Data for Surge Corporation is as follows: Beginning raw materials inventory Beginning finished goods inventory Cost of direct materials requisitioned Actual manufacturing overhead Cost of
Data for Surge Corporation is as follows: Beginning raw materials inventory Beginning finished goods inventory Cost of direct materials requisitioned Actual manufacturing overhead Cost of goods sold $37,000 $56,300 $91,300 $160,000 $265,200 Beginning work in process inventory Cost of materials purchased Direct labor incurred Cost of goods manufactured Manufacturing overhead rate (% of direct labor) $61,500 $ 151,000 $125,000 $287,500 125% What is finished goods ending inventory? A. $496,900 B. $67,000 C. $78,600 D. $287,500
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