Jarratt Inc. ,a manufacturing company,has provided the following data for the month of September.The balance in the Work in Process inventory account was $21,000 at the beginning of the month and $24,000 at the end of the month.During the month,the company incurred direct materials cost of $69,000 and direct labor cost of $31,000.The actual manufacturing overhead cost incurred was $54,000.The manufacturing overhead cost applied to jobs was $58,000.The cost of goods manufactured for September was:

Question

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Cost of goods manufactured = Beginning work in process inventory + Manufacturing costs added to work in process - Ending work in process inventory = $21,000 + ($69,000 + $31,000 + $58,000) - $24,000 = $155,000