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The following cost data pertains to Great Grains Inc. for December 31st, 2022: Ending Raw Materials Inventory: $160,000 Beginning Work-in-Process: $40,000 Ending Work-in-Process: $20,000
The following cost data pertains to Great Grains Inc. for December 31st, 2022: Ending Raw Materials Inventory: $160,000 Beginning Work-in-Process: $40,000 Ending Work-in-Process: $20,000 Direct Materials Used: $100,000 Direct Costs Incurred in Production: $200,000 Indirect Costs Incurred in Production: $100,000 Beginning Finished Goods Inventories: $120,000 Ending Finished Goods Inventories: $60,000 Sales: $600,000 Selling and Administrative Expenses: $160,000 Great Grains' total manufacturing costs incurred during 2022 amounted to: O a $200,000 O b. $300,000 O c. $100,000 O d. $220,000
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