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

---

Definitions:

Past Discoveries

Historical findings or revelations that have contributed to our understanding or advancement in various fields.

Industrial-Organizational Psychology

A branch of psychology that applies psychological theories and principles to organizations and the workplace to improve productivity, work-life balance, and employee satisfaction.

Workplace Productivity

The measure of efficiency in which tasks and goals are accomplished in a work environment.

Management

The process of dealing with or controlling things or people, often in a professional context.