The cost of goods manufactured or the year (in thousands of dollars) was:

A) $450.
B) $530.
C) $470.
D) $540.

Question

The cost of goods manufactured or the year (in thousands of dollars) was:A) $450.B) $530.C) $470.D) $540.

Ilana Sheykhet · Accepted Answer

Final Answer : A, Explanation :  The cost of goods manufactured is the sum of the direct materials used, direct labor, and manufacturing overhead. The direct materials used are the beginning raw materials inventory plus the purchases of raw materials minus the ending raw materials inventory. The direct labor is given as $100,000. The manufacturing overhead is given as $190,000. Therefore, the cost of goods manufactured is $60,000 + $180,000 - $70,000 + $100,000 + $190,000 = $450,000.

The cost of goods manufactured or the year (in thousands of dollars) was:

A) $450.
B) $530.
C) $470.
D) $540.

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