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Finished goods inventory $40,100 Additional data 1. Actual manufacturing overhead for January amounted to $64,100 2. Total direct labor cost for January was $63,800. 3.
Finished goods inventory $40,100 Additional data 1. Actual manufacturing overhead for January amounted to $64,100 2. Total direct labor cost for January was $63,800. 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $250,000 of direct labor cost and $350,000 of manufacturing overhead costs 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $6,000 (1,400 direct labor hours) and total direct material charges were $14,300 5. Cost of direct materials placed in production during January totaled $123,500. There were no indirect material requisitions during January. 6. January 31 balance in raw materials inventory was $35,000. 7. Finished goods inventory balance on January 31 was $34,700. What is the cost of goods manufactured for January? O A. $204,171 O B. $276,620 O c. $247,920 OD. $232,871
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