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Richards Company manufactures a single product. All raw materials used were direct matenals. Current information for the company follow Beginning raw materials inventory Ending
Richards Company manufactures a single product. All raw materials used were direct matenals. Current information for the company follow Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory $ 28,000 30,000 108,000 58,000 43,000 148,000 78,000 73,000 63,000 The company's cost of direct materials used, cost of goods manufactured and cost of goods sold are Cost of Cost of Goods Cost of Goods Materials Used Manufactured Sold Option A $108,000 $347,000 $337,000 Option B $110,000 $347,000 $357,000 Option C $106,000 $317,000 $337,000 Option D $106,000 $347,000 $357,000 Option E $110,000 $317,000 $347,000
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