Using $2,206,000 as the total manufacturing costs, compute the cost of goods sol

Q: Using $2,206,000 as the total manufacturing costs, compute the cost of goods sol

So the correct option is D $2,184,000 Total manufacturing cost $2,206,000 Add Beginning finished goods inventory 40,000 Less Ending Goods inventory (62,000) Cost of goods sold $2,184,000

ID: 2492728 • Letter: U

Question

Using $2,206,000 as the total manufacturing costs, compute the cost of goods sold using the following information.

Raw materials inventory, January 1 $ 20,000

Raw materials inventory, December 31 40,000

Work in process, January 1 18,000

Work in process, December 31 12,000

Finished goods, January 1 40,000

Finished goods, December 31 62,000

Raw materials purchases 1,100,000

Direct labor 560,000

Factory utilities 150,000

Indirect labor 50,000

Factory depreciation 400,000

Operating expenses 420,000

A. None of these will work

B. $2,322,000

C. $2,192,000

D. 2,184,000

E. $2,209,000

Explanation / Answer

So the correct option is D $2,184,000

Total manufacturing cost $2,206,000 Add Beginning finished goods inventory 40,000 Less Ending Goods inventory (62,000) Cost of goods sold $2,184,000

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Using $2,206,000 as the total manufacturing costs, compute the cost of goods sol

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