Question - The following information is taken from the financial records of Gunner Manufacturing:
|
Cost of materials used
|
$45,000
|
|
Direct labor costs
|
48,000
|
|
Factory overhead
|
39,000
|
|
Work in process, beg.
|
18,000
|
|
Work in process, end.
|
28,000
|
What is cost of goods manufactured?
a. $178,000
b. $132,000
c. $122,000
d. $142,000