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Question
Current information for the Austin Company follows:
| Beginning raw materials inventory | $15,200 |
| Beginning goods in process inventory | 22,400 |
| Ending raw materials inventory | 16,600 |
| Ending goods in process inventory | 28,000 |
| Direct labor | 42,800 |
| Total factory overhead | 30,000 |
| Raw material purchases | 60,000 |
All raw materials used were traceable to specific batches of product. Austin Company's cost of goods manufactured for the year is:
A. $125,800
B. $128,600
C. $131,400
D. $137,000
E. $139,000
Answer
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