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Vermont State, Inc used $153,000 of direct materials and incurred $63,000 of direct labor costs during the year. Indirect labor amounted to $270,000, while
Vermont State, Inc used $153,000 of direct materials and incurred $63,000 of direct labor costs during the year. Indirect labor amounted to $270,000, while indirect materials used totaled $53.000. Other operating costs pertaining to the factory included utilities of $135,500; maintenance of $70,200, repairs of $53,400, depreciation of $133,000, and property taxes of $74,640. There was no beginning or ending finished goods inventory, but Work-in-Process inventory began the year with a $5.000 balance and ended the year with a $7,400 balance How much is the cost of goods manufactured? OA $1,010,800 OB. $1.005,800 Oc. $1,005,400 OD. $12.400
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