The accounting records of Bronco Company revealed the following information:
| Raw materials used |
$ 78,000 |
| Direct labor |
143,000 |
| Manufacturing overhead |
378,000 |
| Work-in-process inventory, 1/1 |
68,000 |
| Finished-goods inventory, 1/1 |
207,000 |
| Work-in-process inventory, 12/31 |
94,000 |
| Finished-goods inventory, 12/31 |
158,000 |
Bronco's cost of goods manufactured is:
|
$576,000. |
|
$622,000. |
|
$573,000. |
|
$625,000. |
|
None of these. |