On December 31, 2017, Barnett Tools Has a Balance in the Work

question 139

Multiple Choice

On December 31, 2017, Barnett Tools has a balance in the Work in Process Inventory account of $62,000.On January 1, 2017, the balance in Work in Process Inventory was $55,000.Current manufacturing costs for the year are $292,000, and cost of goods sold is $284,000.How much is cost of goods manufactured?

• A)$292,000
• B)$299,000
• C)$277,000
• D)$285,000

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