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Information for the Ace Manufacturing Company follows: Beginning raw materials inventory ---- $53,200 Beginning goods in process, inventory ------- 78,400 Ending raw materials inventory -------58,100
Information for the Ace Manufacturing Company follows: Beginning raw materials inventory ---- $53,200 Beginning goods in process, inventory ------- 78,400 Ending raw materials inventory -------58,100 Ending goods in process, inventory ------98,000 Direct labor ------149,800 Total factory overhead ------105,000 Raw materials purchases ------210,000 Calculate the cost of goods manufactured for this company.
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