During the year, a manufacturing company had the following operating results:         Beginning work-in-process inventory $ 45,000   Beginning finished goods inventory $ 190,000   Direct materials used in production $ 308,000   Direct labor $ 475,000   Manufacturing overhead incurred $ 250,000   Ending work-in-process inventory $ 67,000   Ending finished goods inventory $ 89,000  What is the cost of goods manufactured for the year?     $1,112,000     $1,033,000     $1,011,000     $1,134,000

Cornerstones of Cost Management (Cornerstones Series)
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ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 23E: Orinder Company provided the following information for the last calendar year: During the year,...
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During the year, a manufacturing company had the following operating results:

       
Beginning work-in-process inventory $ 45,000  
Beginning finished goods inventory $ 190,000  
Direct materials used in production $ 308,000  
Direct labor $ 475,000  
Manufacturing overhead incurred $ 250,000  
Ending work-in-process inventory $ 67,000  
Ending finished goods inventory $ 89,000  
What is the cost of goods manufactured for the year?
   
$1,112,000
   
$1,033,000
   
$1,011,000
   
$1,134,000
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