Assuming that the total manufacturing costs are $3,400,000, compute the cost of goods manufactured using the information below.
Raw materials inventory, January 1 $ 30,000
Raw materials inventory, December 31 60,000
Work in process, January 1 27,000
Work in process, December 31 18,000
Finished goods, January 1 60,000
Finished goods, December 31 48,000
Raw materials purchases 1,800,000
Direct labor 890,000
Factory utilities 225,000
Indirect labor 75,000
Factory depreciation 500,000
Operating expenses 630,000
a. $3,421,000.
b. $3,391,000.
c. $3,409,000.
d. $3,142,000.
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