Calculate the Cost of Goods Manufactured Using the Following A) $772,600

question 149

Multiple Choice

Calculate the cost of goods manufactured using the following
information: $\begin{array} { l c } \text { Direct materials } & \$ 298,500 \\\text { Direct labor } & 132,000 \\\text { Factory overhead costs } & 264,000 \\\text { General and administrative expenses } & 85,500 \\\text { Selling expenses } & 48,800 \\\text { Work in Process inventory, January } & 1118,500 \\\text { Work in Process inventory, December 31 } & 125,900 \\\text { Finished goods inventory, January 1 } & 232,100 \\\text { Finished goods inventory, December 31 } & 238,700\end{array}$

• A) $772,600.
• B) $701,900.
• C) $680,500.
• D) $687,100.
• E) $674,600.

---

Definitions:

Craik And Lockhart

Renowned for their Levels of Processing theory, which suggests that memory retention is influenced by the depth of processing, with deeper levels resulting in longer-lasting memory trace.

Meaning

The significance, purpose, or understanding attached to something, such as a word, action, or symbol.

Nondeclarative Memory

A type of long-term memory that is responsible for skills and tasks (procedural memory) that can be performed without consciously thinking about them.

Typing

Typing is the process of writing or inputting text by pressing keys on a typewriter, computer keyboard, cell phone, or calculator.