Assume the Following Information What Was the Cost of Goods Manufactured During the Year

question 236

Multiple Choice

Assume the following information: $\begin{array}{lr}\text { Direct materials used } & \$ 90,000 \\\text { Direct labour } & 130,000 \\\text { Factory overhead } & 150,000 \\\text { Beginning work-in-process inventory } & 15,000 \\\text { Beginning finished goods inventory } & 20,000 \\\text { Ending work-in-process inventory } & 42,000 \\\text { Selling and administrative expenses } & 37,500\end{array}$
What was the cost of goods manufactured during the year?

• A)$333,000
• B)$343,000
• C)$365,000
• D)$370,000