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The following data have been taken from the accounting records of Larner Corporation for the year just completed: Sales $12,000,000 Purchases of raw materials $
The following data have been taken from the accounting records of Larner Corporation for the year just completed: Sales $12,000,000 Purchases of raw materials $ 5,150,000 Direct labour $1,679,000 Manufacturing overhead $3,340,000 Administrative expenses $1,790,000 Selling expenses $2,500,000 Raw materials inventory, beginning $370,000 Raw materials inventory, ending S524,000 Work-in-process inventory, beginning $456,000 Work-in-process inventory, ending S373,000 Finished goods inventory, beginning $598,000 Finished goods inventory, ending $637,000 Using the information above, what is the correct cost of goods manufactured. $10,098,000 $10,471,000 $10,015,000 $4.996,000
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