Q1) 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