The following events took place at a manufacturing company for the current year:
(1) Purchased $106,000 in direct materials.
(2) Incurred labor costs as follows: (a) direct, $61,500 and (b) indirect, $15,800.
(3) Other manufacturing overhead was $118,000, excluding indirect labor.
(4) Transferred 85% of the materials to the manufacturing assembly line.
(5) Completed 70% of the Work-in-Process during the year.
(6) Sold 90% of the completed goods.
(7) There were no beginning inventories.
What is the company's Cost of Goods Sold?
|
$256,860.00. |
|
$179,802.00. |
|
$301,300.00. |
|
$199,780.00. |