Watson Specialties Bought $100,000 of Raw Materials During June, Incurred

question 66

Multiple Choice

Watson Specialties bought $100,000 of raw materials during June, incurred $90,000 in direct labor cost, and applied $130,000 in manufacturing overhead.Inventories for June were as follows: $\begin{array}{lll}& \text { Beginning } & \text { Ending } \\\text { Raw material } & \$ 22,000 & \$ 24,000 \\\text { Work in Process } & \$ 23,000 & \$ 19,000 \\\text { Finished Goods } & \$ 32,000 & \$ 31,000\end{array}$ How much is cost of goods sold for June?

• A)$323,000
• B)$322,000
• C)$324,000
• D)$325,000

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