Compute the Chmelar Manufacturing cost.
Chmelar Manufacturing Company developed the following data:
|
Year
|
Inventories
|
Net Sales
|
|
1991
|
$378
|
1,812
|
|
1992
|
411
|
1,886
|
|
1993
|
452
|
1,954
|
|
1994
|
491
|
2,035
|
|
Beginning work in process inventory
|
$20,000
|
|
Direct materials used
|
120,000
|
|
Actual overhead
|
140,000
|
|
Overhead applied
|
135,000
|
|
Cost of goods manufactured
|
320,000
|
|
Ending work in process
|
15,000
|
How much are total manufacturing costs for the period?
a) $395,000
b) $315,000
c) $275,000
d) $305,000