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Managerial Accounting

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Moderate

Calculating Cost of Goods Manufactured

MGRACT-9OVKXN

The following balances appeared in the accounts of Fichtner Corp. during the year:

Item Jan. 1 Dec. 31
Direct materials inventory \$18,900 \$22,500
Work in process inventory \$19,100 \$17,700
Finished goods inventory \$17,300 \$28,500

The cost of goods sold was \$301,000. Cost of goods manufactured was:

A

$302,400

B

$312,200

C

$299,600

D

$297,400