Ogleby Inc During 2022 Ogleby Purchased $980000 of Raw Materials Incurred Direct

question 60

Multiple Choice

Ogleby Inc.'s accounting records reflect the following inventories: $\begin{array}{lcc} & \text { Dec. 31,2021 } & \text { Dec. 31,2022 } \\\hline \text { Raw materials inventory } & \$ 120,000 & \$ 96,000 \\\text { Winished qoods inventory } & 156,000 & 174,000 \\\text { Finocess inventory } & 150,000 & 138,000\end{array}$ During 2022 Ogleby purchased $980000 of raw materials incurred direct labor costs of $175000 and incurred manufacturing overhead totaling $224000. How much would Ogleby Manufacturing report as cost of goods manufactured for 2022?

• A)$1229000
• B)$1397000
• C)$1391000
• D)$1385000

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Definitions:

Aggressive Acts

Behaviors intended to cause harm or damage to others, which may be physical or verbal in nature.

Catharsis

The process of releasing, and thereby providing relief from, strong or repressed emotions, often through art, drama, or other forms of expression.

Aggression

Behavior aimed at causing harm or pain to others, whether physically or psychologically.

Financial Hardship

A situation where an individual or family struggles to meet their financial obligations due to lack of income, high expenses, or both.