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Koczela Incorporated has provided the following data for the month of May: Inventories: Work in process Finished goods Additional information: Beginning Ending $34,000 $29,000
Koczela Incorporated has provided the following data for the month of May: Inventories: Work in process Finished goods Additional information: Beginning Ending $34,000 $29,000 $63,000 $67,000 Direct materials $74,000 Direct labor cost $104,000 Manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $80,000 $78,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for May is: Multiple Choice $261,000 $263,000 $256,000 $258,000
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