Question
Using the following information, compute the cost of goods manufactured. Work-in-process inventory, beginning balance: $120,000 Work-in-process inventory, ending balance: $150,000 Raw materials inventory, beginning balance:
Using the following information, compute the cost of goods manufactured.
Work-in-process inventory, beginning balance: $120,000
Work-in-process inventory, ending balance: $150,000
Raw materials inventory, beginning balance: $70,000
Raw materials inventory, ending balance: $90,000
Raw materials purchased: $540,000
Direct labor cost: $600,000
Depreciation on factory building (actual): $100,000
Indirect labor (actual): $150,000
Other manufacturing overhead costs (actual): $95,000
Applied manufacturing overhead costs: $350,000
Group of answer choices
1,435,000
1,440,000
1,460,000
1,455,000
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