Springville Co. provided the following information for the year ended December 31, 20Y1: Costs Amount Work-in-process inventory - beginning balance $490,000 Work-in-process inventory - ending balance $520,000 Direct material placed in production $89,000 Selling expenses $60,000 General and administrative expenses $198,000 Direct labor used in production $120,000 Manufacturing overhead $470,000 Compute the costs of goods manufactured during the year ended December 31, 20Y1. Group of answer choices $709,000 $649,000 $937,000 $1,169,000
Springville Co. provided the following information for the year ended December 31, 20Y1: Costs Amount Work-in-process inventory - beginning balance $490,000 Work-in-process inventory - ending balance $520,000 Direct material placed in production $89,000 Selling expenses $60,000 General and administrative expenses $198,000 Direct labor used in production $120,000 Manufacturing overhead $470,000 Compute the costs of goods manufactured during the year ended December 31, 20Y1. Group of answer choices $709,000 $649,000 $937,000 $1,169,000
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 5EA: Sterlings records show the work in process Inventory had a beginning balance of $4000 and an ending...
Related questions
Question
Springville Co. provided the following information for the year ended December 31, 20Y1:
| Costs | Amount |
|---|---|
| Work-in-process inventory - beginning balance | $490,000 |
| Work-in-process inventory - ending balance | $520,000 |
| Direct material placed in production | $89,000 |
| Selling expenses | $60,000 |
| General and administrative expenses | $198,000 |
| Direct labor used in production | $120,000 |
| Manufacturing |
$470,000 |
Compute the costs of goods manufactured during the year ended December 31, 20Y1.
Group of answer choices
$709,000
$649,000
$937,000
$1,169,000
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