Assuming That the Total Manufacturing Costs Are $3400000 Compute the Cost

question 123

Multiple Choice

Assuming that the total manufacturing costs are $3400000 compute the cost of goods manufactured using the information below. $\begin{array}{lr}\text { Raw materials inventory, January 1 } &\$ 30,000 \\\text { Raw materials inventory, December 31 } & 60,000 \\\text { Work in process, January 1 } & 27,000 \\\text { Work in process, December 31 } & 18,000 \\\text { Finished goods, January 1 } & 60,000 \\\text { Finished goods, December 31 } & 48,000 \\\text { Raw materials purchases } & 1,800,000 \\\text { Direct labor } & 890,000 \\\text { Factory utilities } & 225,000 \\\text { Indirect labor } & 75,000 \\\text { Factory depreciation } & 500,000 \\\text { Operating expenses } & 630,000\end{array}$

• A)$3421000.
• B)$3391000.
• C)$3409000.
• D)$3142000.

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