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Given the Following Information,determine the Cost of Goods Manufactured A)$390,000
B)$503,000
C)$282,000
D)$188,000

question 192

Multiple Choice

Given the following information,determine the cost of goods manufactured.  Direct Labor Incurred $62,000 Manufacturing Overhead Incurred 177,000 Direct Materials Used 151,000 Finished Goods Inventory, Jan. 1 197,000 Finished Goods Inventory, Dec. 3199,000 Work-in-Process Inventory, Jan. 1 221,000 Work-in-Process Inventory, Dec. 31 108,000\begin{array} { | l | r | } \hline \text { Direct Labor Incurred } & \$ 62,000 \\\hline \text { Manufacturing Overhead Incurred } & 177,000 \\\hline \text { Direct Materials Used } & 151,000 \\\hline \text { Finished Goods Inventory, Jan. 1 } & 197,000 \\\hline \text { Finished Goods Inventory, Dec. } 31 & 99,000 \\\hline \text { Work-in-Process Inventory, Jan. 1 } & 221,000 \\\hline \text { Work-in-Process Inventory, Dec. 31 } & 108,000 \\\hline\end{array}


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