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The following data have been taken from the accounting records of Why Me! Corporation for the most recent year. Finished goods inventory, beginning $ 500
The following data have been taken from the accounting records of Why Me! Corporation for the most recent year.
Finished goods inventory, beginning | $ 500 |
Finished goods inventory, ending | 660 |
Raw materials inventory, beginning | 180 |
Raw materials inventory, ending | 300 |
Work in process inventory, beginning | 300 |
Work in process inventory, ending | 220 |
Administrative expenses | 600 |
Direct labor | 800 |
Manufacturing overhead | 920 |
Purchases of raw materials | 500 |
Sales | 3,960 |
Selling expenses | 560 |
The cost of goods manufactured for the year was?
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