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During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory $ 48,500 Beginning finished goods inventory $ 197,000 Direct materials used
During the year, a manufacturing company had the following operating results:
| Beginning work-in-process inventory | $ | 48,500 | |
| Beginning finished goods inventory | $ | 197,000 | |
| Direct materials used in production | $ | 322,000 | |
| Direct labor | $ | 510,000 | |
| Manufacturing overhead incurred | $ | 264,000 | |
| Ending work-in-process inventory | $ | 74,000 | |
| Ending finished goods inventory | $ | 92,500 | |
What is the cost of goods manufactured for the year?
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ISE Fundamentals Of Cost Accounting
Authors: William N. Lanen, Shannon Anderson, Michael W. Maher
7th Edition
1265117705, 9781265117702
