The following data should be used for the question(s) below:

Raw materials inventory, January 1

$12,000

Raw materials inventory, December 31

16,000

Work in process, January 1

5,000

Work in process, December 31

8,000

Finished goods, January 1

17,000

Finished goods, December 31

12,000

Raw materials purchases

118,000

Direct labor

165,000

Factory utilities

64,000

Indirect labor

12,000

Factory depreciation

18,000

Selling and administrative expenses

220,000

32.

Assumemanufacturing costsis $400,000.How much is cost of goods manufactured?

A)

$400,000

B)

$389,000

C)

$397,000

D)

$403,000