Assume the Following Data for Gross, Inc

question 8

Multiple Choice

Assume the following data for Gross, Inc., for February: Beginning finished goods inventory
£ 60,000
Beginning work-in-prgress inventory
40,000
Ending work-in-progress inventory
80,000
Ending finished goods inventory
50,000
Actual factory overhead costs
200,000
Direct materials used
160,000
Direct labour
100,000
What is the cost of goods manufactured for February?

• A) £470,000
• B) £420,000
• C) £460,000
• D) £430,000

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Definitions:

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