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PRINTER VERSION BACK NEXT Question 3 Vaughn Manufacturing Inc.'s accounting records reflect the following inventories: Dec 31, 2019 Dec 31, 2020 Raw materials inventory $100700 $80300 Work in process inventory 129500 146000 Finished goods inventory 125300 115500 During 2020, Vaughn purchased $950300 of raw materials, incurred direct labour costs of $124600, and incurred manufacturing overhead totaling $160300, Vaughn Manufacturing's cost of goods manufactured for 2020 amounted to $1239100. How much would it report as cost of goods sold for the year? O $1248900 $1291700 $1363700 $1229300 Question Attempts: 0 of 1 used