James Joy is an accountant in XS company.He found that the manufacturing costs (raw materials used, direct labor, and manufacturing overhead) are totaled $1,500,000 for the year just ended. Beginning and ending work-in-process inventories are $60,000 and $90,000, respectively. The company account showsrespective beginning and ending finished-goods inventories of $250,000 and $180,000. On the basis of this information, how much would the company report as cost of goods manufactured (CGM) and cost of goods sold (CGS)?

Select one:

a.CGM, $1,430,000; CGS, $1,460,000

b.Some other amounts

c.CGM, $1,570,000; CGS, $1,540,000

d.CGM, $1,530,000; CGS, $1,460,000

e.CGM, $1,470,000; CGS, $1,540,000

The cost of manufactured usuallyrefers to the costs of producing a certain quantity of goods by a companyThe following information pertains to MX Company:

Beginning finished goods, 1/1/2018$80,000

Ending finished goods, 12/31/201867,000

Cost of goods sold270,000

Sales revenue500,000

Operating expenses145,000

What is cost of goods manufactured for 2018?

Select one:

a.$230,000.

b.$257,000.

c.$283,000.

d.$355,000.

e.Some other amount.