During Its First Year of Operations,Brown Company Incurred the Following

question 47

Multiple Choice

During its first year of operations,Brown Company incurred the following product costs: Direct materials used in production $200,000;
Direct labor $175,000;and
Manufacturing overhead $145,500.
The Brown Company's ending Work in Process Inventory amounted to $35,000 at the end of the year.What is the company's cost of finished goods manufactured for the year?

• A)$200,000
• B)$375,000
• C)$485,500
• D)$520,500

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