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The accounting records of Bronco Company revealed the following information: Raw materials used $ 67,000 Direct labor 132,000 Manufacturing overhead 367,000 Work-in-process inventory, 1/1 57,000
The accounting records of Bronco Company revealed the following information: Raw materials used $ 67,000 Direct labor 132,000 Manufacturing overhead 367,000 Work-in-process inventory, 1/1 57,000 Finished-goods inventory, 1/1 196,000 Work-in-process inventory, 12/31 83,000 Finished-goods inventory, 12/31 147,000 Bronco's cost of goods manufactured is:
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