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During the Year, a Manufacturing Company Had the Following Operating

Question 68

Multiple Choice

During the year, a manufacturing company had the following operating results:
 Beginning work-in-process inventory $45,000 Beginning finished goods inventory $190,000 Direct materials used in production $308,000 Direct labor $475,000 Manufacturing overhead incurred$250,000 Ending work-in-process inventory$67,000 Ending finished goods inventory$89,000\begin{array}{lcr}\text { Beginning work-in-process inventory } & \$ 45,000 \\\text { Beginning finished goods inventory } & \$ 190,000 \\\text { Direct materials used in production } & \$ 308,000 \\\text { Direct labor } & \$ 475,000\\\text { Manufacturing overhead incurred}&\$ 250,000\\\text { Ending work-in-process inventory}& \$ 67,000 \\\text { Ending finished goods inventory}& \$ 89,000 \end{array}
What is the cost of goods manufactured for the year?


A) $1,011,000
B) $1,134,000
C) $1,033,000
D) $1,112,000

Correct Answer:

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