Holmstrom Corporation has provided the following data concerning last months operations.

Direct materials	$	14,000
Direct labor cost	$	58,000
Manufacturing overhead applied to Work in Process	$	79,000
Cost of Goods Manufactured	$	145,000

	Beginning			Ending
Work in process inventory	$	47,000		$	53,000
Finished goods inventory	$	41,000		$	50,000

How much is the cost of goods sold on the Schedule of Cost of Goods Sold?

Multiple Choice

• $150,000

• $176,000

• $144,000

• $136,000