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Fire Cat,Inc What Is the Total of Manufacturing Costs Incurred by Fire

question 107

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Fire Cat,Inc.selected cost data for the year are shown below:  Cost of Goods Manufactured $145,500 Work-in-Process Inventory, Jan. 1 19,500 Work-in-Process Inventory, Dec. 3122,000 Direct Materials Used 18,600\begin{array} { | l | r | } \hline \text { Cost of Goods Manufactured } & \$ 145,500 \\\hline \text { Work-in-Process Inventory, Jan. 1 } & 19,500 \\\hline \text { Work-in-Process Inventory, Dec. } 31 & 22,000 \\\hline \text { Direct Materials Used } & 18,600 \\\hline\end{array} What is the total of manufacturing costs incurred by Fire Cat,Inc.during the year?

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Definitions:

Stop Smoking

The process of quitting the habit of smoking tobacco products.

Budget

An itemized summary of estimated or intended expenditures for a given period along with proposals for financing them.

Income

Money received, especially on a regular basis, for work or through investments.

Expenses

Costs or charges incurred in the process of conducting activities or achieving objectives, such as living costs or business expenditures.

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