The following is the data for Lauren Enterprises:

Selling and administrative expenses	$75,000
Direct materials used	265,000
Direct labor (25,000 hours)	300,000
Factory overhead application rate	$16 per DLH

	Inventories
	Beginning	Ending
Direct materials	$50,000	$45,000
Work in process	75,000	90,000
Finished goods	40,000	25,000

What is the cost of goods manufactured?

The following is the data for Lauren Enterprises:

Selling and administrative expenses	$75,000
Direct materials used	265,000
Direct labor (25,000 hours)	300,000
Factory overhead application rate	$16 per DLH

	Inventories
	Beginning	Ending
Direct materials	$50,000	$45,000
Work in process	75,000	90,000
Finished goods	40,000	25,000

What is the cost of goods manufactured?

$640,000.

$965,000

$945,000

$950,000

$960,000.

The records of Bentler Shoppers, Inc. for December 2018 shows the following information:

Sales	$2,050,000
Selling and administrative expenses	250,000
Direct materials purchases	205,000
Direct labor	298,000
Factory overhead	350,000
Direct materials, December 1	50,000
Work-in-process, December 1	85,000
Finished goods, December 1	64,000
Direct materials, December 31	41,000
Work-in-process, December 31	72,000
Finished goods, December 31	55,000

Operating income for the month of December is:

The records of Bentler Shoppers, Inc. for December 2018 shows the following information:

Sales	$2,050,000
Selling and administrative expenses	250,000
Direct materials purchases	205,000
Direct labor	298,000
Factory overhead	350,000
Direct materials, December 1	50,000
Work-in-process, December 1	85,000
Finished goods, December 1	64,000
Direct materials, December 31	41,000
Work-in-process, December 31	72,000
Finished goods, December 31	55,000

Operating income for the month of December is:

$934,000.

$916,000.

$960,000.

$1,116,000.

$947,000.