Question
Direct Materials used total $64,750; direct labor incurred totaled $198,400; overhead totaled $394,800; Work in Process Inventory on January 1 (the beginning of the year)
Direct Materials used total $64,750; direct labor incurred totaled $198,400; overhead totaled $394,800; Work in Process Inventory on January 1 (the beginning of the year) was $189,100; and Work in Process Inventory on December 31 was $197,600. What is the cost of goods manufactured for the year ended December 31?
a. $1,004,650
b. $657,950
c. $649,450
d. $197,600
e. none of the above
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
