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The accounting records of Bronco Company revealed the following information: Raw materials used $ 68,000 Direct labor 133,000 Manufacturing overhead 368,000 Work-in-process inventory, 1/1 58,000
The accounting records of Bronco Company revealed the following information:
Raw materials used $ 68,000
Direct labor 133,000
Manufacturing overhead 368,000
Work-in-process inventory, 1/1 58,000
Finished-goods inventory, 1/1 197,000
Work-in-process inventory, 12/31 84,000
Finished-goods inventory, 12/31 148,000
Bronco's cost of goods manufactured is:
$546,000.
None of these.
$592,000.
$543,000.
$595,000.
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