The Following Information Appears on the Statement of Cost of Goods

The following information appears on the Statement of Cost of Goods Manufactured for the Poster Company at the end of the year. $$\begin{array} { l r } \text { Raw Materials Used } & \$ 70,000 \\\text { Direct Labor } & 90,000 \\\text { Cost of Goods Manufactured } & 200,000 \\\text { Work in Process Inventory, January 1 } & 30,000 \\\text { Work in Process Inventory, December 31 } & 20,000\end{array}$$ Manufacturing Overhead for the year was:

A) $60,000.
B) $50,000.
C) $40,000.
D) $30,000. Manufacturing Cost = Ending Work in Process + Costs of Goods Manufacturing - Beginning Work in Process = 20,000 + 200,000 - 30,000 = 190,000.
Overhead = Total Manufacturing Costs - Raw Material Used - Direct Labor
= 190,000 - 70,000 - 90,000 = 30,000.