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Assume the Following Data for Gross,Inc What Is the Cost of Goods Manufactured for February?
A)$420,000

Question 163

Multiple Choice

Assume the following data for Gross,Inc.,for February:  Beginning finished goods inventory $60,000 Beginning work-in-process inventory 40,000 Ending work-in-process inventory 80,000 Ending finished goods inventory 50,000 Factory overhead costs 200,000 Direct materials used 160,000 Direct labour 100,000\begin{array}{lr}\text { Beginning finished goods inventory } & \$ 60,000 \\\text { Beginning work-in-process inventory } & 40,000 \\\text { Ending work-in-process inventory } & 80,000 \\\text { Ending finished goods inventory } & 50,000 \\\text { Factory overhead costs } & 200,000 \\\text { Direct materials used } & 160,000 \\\text { Direct labour } & 100,000\end{array}
What is the cost of goods manufactured for February?


A) $420,000
B) $430,000
C) $460,000
D) $470,000

Correct Answer:

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