Boardman Company reported the following data for the month of January: ...
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Accounting
Boardman Company reported the following data for the month of January:
| Inventories: | 1/1 | 1/31 |
| Raw materials | $32,000 | $31,000 |
| Work in process | $18,000 | $12,000 |
| Finished goods | $30,000 | $35,000 |
| Additional information: | |
| Sales revenue | $210,000 |
| Direct labour costs | $40,000 |
| Manufacturing overhead costs | $70,000 |
| Selling expenses | $25,000 |
| Administrative expenses | $35,000 |
Assuming that cost of goods sold for Boardman Company for January was $140,000, what was the cost of goods manufactured for the month?
Multiple Choice
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$139,000
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$135,000
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$140,000
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$145,000
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