Inventory balances for Spiritlight Ventures for November 2014 are as follows: During November, purchases of direct materials were $18,000. Direct labor and factory overhead costs were $20,000 and $28,000, respectively.
The cost of goods manufactured in November was
A) $68,000.
B) $77,600.
C) $74,000.
D) $71,600.

Question

Inventory balances for Spiritlight Ventures for November 2014 are as follows:  During November, purchases of direct materials were $18,000. Direct labor and factory overhead costs were $20,000 and $28,000, respectively.
The cost of goods manufactured in November was
A) $68,000. 
B) $77,600. 
C) $74,000. 
D) $71,600.

Quizplus · Accepted Answer

The Answer of Inventory balances for Spiritlight Ventures for November 2014 are as follows:  During November, purchases of direct materials were $18,000. Direct labor and factory overhead costs were $20,000 and $28,000, respectively.
The cost of goods manufactured in November was
A) $68,000. 
B) $77,600. 
C) $74,000. 
D) $71,600.

Inventory Balances for Spiritlight Ventures for November 2014 Are as Follows