For Work Done During August,Printing Press Company Incurred Direct Materials

question 38

Multiple Choice

For work done during August,Printing Press Company incurred direct materials costs of $130,000 and conversion costs of $226,000.The company employs a traditional operating philosophy.At the end of August,it was determined that the Work in Process Inventory account had been assigned $1,000 of costs,and the ending balance of the Finished Goods Inventory account was $3,000.There were no beginning inventory balances.How much was cost of goods manufactured during August?

• A) $356,000
• B) $355,000
• C) $353,000
• D) $352,000

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