Inventories - Cost of goods manufactured
Information for the Acme Manufacturing Company follows:
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Beginning raw materials inventory........
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$53,200
|
|
Beginning goods in process, inventory........
|
78,400
|
|
Ending raw materials inventory........
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58,100
|
|
Ending goods in process, inventory........
|
98,000
|
|
Direct labor..............
|
149,800
|
|
Total factory overhead.......
|
105,000
|
|
Raw materials purchases......
|
210,000
|
Calculate the cost of goods manufactured for this company.