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Given the following information, determine the cost of goods sold. Direct Labor Incurred Manufacturing Overhead Incurred Direct Materials Used Finished Goods Inventory, Jan. 1
Given the following information, determine the cost of goods sold. Direct Labor Incurred Manufacturing Overhead Incurred Direct Materials Used Finished Goods Inventory, Jan. 1 $63,000 175,500 153,000 198,000 Finished Goods Inventory, Dec. 31 - Work in Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 97,500 220,000 109,000 OA. $295,500 OB. $603,000 OC. $502,500 OD. $611,500
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