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The accounting records of Bronco Company revealed the following information: Raw materials used $ 78,000 Direct labor 143,000 Manufacturing overhead 378,000 Work-in-process inventory, 1/1 68,000

The accounting records of Bronco Company revealed the following information:

Raw materials used $ 78,000
Direct labor 143,000
Manufacturing overhead 378,000
Work-in-process inventory, 1/1 68,000
Finished-goods inventory, 1/1 207,000
Work-in-process inventory, 12/31 94,000
Finished-goods inventory, 12/31 158,000

Bronco's cost of goods manufactured is:

$573,000

$576,000

$622,000

$625,000

None of these.

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