Suppose a bakery reports the following Data Table (Click the icon to view the da

Question

Suppose a bakery reports the following Data Table (Click the icon to view the data.) The bakery has determined cost of direct materials used to be $102,000. What is the cost of goods manufactured? Ending Direct Materials Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Direct Labor Purchases of Direct Materials Manufacturing Overhead $6,000 5,000 2,000 1,000 4,000 6,000 29,000 101,000 21,000 OA $148,000 O B. $175,000 s| 0 C. $151,000 OD, $153,000 Print Done ig s Click to select your answer.

Explanation / Answer

Answer $ 153000

Begning Working Process Inventory                           2,000 Direct materials used                     1,02,000 Direct labor                         29,000 Manufacturing overhead                         21,000 Less Ending Work in process inventory                         -1,000 Cost of goods manufactured                     1,53,000

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