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Question
Use the following information to compute the cost of goods manufactured:
| Beginning finished goods inventory | $ 9,250 |
| Beginning goods in process inventory | 8,700 |
| Beginning raw materials | 7,500 |
| Depreciation on factory equipment | 6,000 |
| Direct labor | 75,000 |
| Ending finished goods inventory | 8,750 |
| Ending goods in process inventory | 9,300 |
| Ending raw materials | 8,500 |
| Factory Supervisors salary | 50,000 |
| Raw material purchases | 14,000 |
A. $143,400
B. $13,000
C. $143,000
D. $144,500
E. $93,400
Answer
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