QUESTION 6

1. Based on the following, what is the Cost of Goods Manufactured? (You must show and label your work for credit.)

   Direct Labor Incurred	$9,000
   Manufacturing Overhead	$70,000
   Direct Materials Used	$103,000
   Finished Goods Inventory, 1/1/2019	$152,000
   Finished Goods Inventory, 12/31/2019	$166,000
   Work-in-Process Inventory, 1/1/2019	$71,000
   Work-in-Process Inventory, 12/31/2019	$82,00