Question - Cost of goods manufactured
The following information is available for Casey Manufacturing Company for the month ending January 31, 2017:
Cost of direct materials used in production 390,000
Direct labor 336,000
Work in process inventory, Jan 1 162,000
Work in process inventory, Jan 31 170,400
Total factory overheard 234,000
Determine Casey's cost of goods manufactured for the month ended January 31, 2017.