Consider the following information: direct materials used totaled $124,700;direct labor amounted to $412,000;overhead was computed to be $789,600;Work in Process Inventory on March 1,2014,was $482,500;and Work in Process Inventory on March 31,2014,was $597,100.What was the cost of goods manufactured?
A)$1,211,700
B)$729,200
C)$1,440,900
D)$422,100

Question

Quizplus · Accepted Answer

Cost of goods manufactured = Direct materials used + Direct labor + Overhead + Beginning work in process inventory - Ending work in process inventory= $124,700 + $412,000 + $789,600 + $482,500 - $597,100= $1,211,700

Consider the Following Information: Direct Materials Used Totaled $124,700;direct Labor