Hooter Manufacturing Company Reported the Following Year-End Information How Much Is Hooter Manufacturing's Cost of Goods Manufactured for work

question 19

Multiple Choice

Hooter Manufacturing Company reported the following year-end information: $\begin{array}{ll}\text {Beginning work in process inventory }&\$75,000 \\\text { Beginning raw materials inventory}& 20,000\\\text {Ending work in process inventory }&73,000 \\\text { Ending raw materials inventory}&23,000 \\\text {Raw materials purchased }& 220,000\\\text {Direct labour. }&170,000 \\\text {Manufacturing overhead }& 80,000\\\end{array}$
How much is Hooter Manufacturing's cost of goods manufactured for the year?

• A)$470,000
• B)$465,000
• C)$469,000
• D)$472,000

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Definitions:

Global Trade

The exchange of goods, services, and capital across international borders or territories.

Documents of Title

Legal documents that provide proof of ownership of property, including titles for vehicles or deeds for real estate.

Warehouse Receipts

Documents issued by warehouse operators certifying the possession and storage of specified goods.

Bills of Lading

Official documents issued by a carrier to acknowledge the receipt of cargo for shipment.