Given the following information, determine the cost of goods sold. Direct Labor Incurred...
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Accounting
Given the following information, determine the cost of goods sold.
| Direct Labor Incurred | $61,000 |
| Manufacturing Overhead Incurred | 176,500 |
| Direct Materials Used | 154,000 |
| Finished Goods Inventory, Jan. 1 | 198,000 |
| Finished Goods Inventory, Dec. 31 | 98,500 |
| WorkinProcess Inventory, Jan. 1 | 222,000 |
| WorkinProcess Inventory, Dec. 31 | 109,000 |
Question content area bottom
Part 1
A.
$296,500
B.
$604,000
C.
$613,500
D.
$504,500
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