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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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