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

• A)$390,000
• B)$503,000
• C)$282,000
• D)$188,000

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Definitions:

Productivity

The measure of efficiency in converting inputs into useful outputs.

Assembly Line Worker

An individual who participates in a manufacturing process wherein each worker repeats one specific task to contribute to the production of a final product.

Rivets Per Minute

Measure of the speed at which riveting operations are performed, typically in manufacturing or construction settings.

MRP Of Land

The Marginal Revenue Product of Land is the additional revenue generated from the use of an additional unit of land, holding other factors constant.