Refer to the above, how much would the company report for cost of goods manufactured? * O $690,000 O $803,000 O $937,000 O None of the above

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Refer to the above, how much would
the company report for cost of goods
manufactured? *
$690,000
$803,000
$937,000
None of the above
Transcribed Image Text:Refer to the above, how much would the company report for cost of goods manufactured? * $690,000 $803,000 $937,000 None of the above
X Company reported the following
year-end information:
Beginning Raw Materials Inventory
$60,000
Ending Raw Materials Inventory
90,000
Beginning Work in Process Inventory
113,000
Ending Work in Process Inventory
180,000
Raw Materials purchased
200,000
Direct Labor
210,000
Manufacturing Overhead
490,000
Selling and Administrative Expenses
157,000
Transcribed Image Text:X Company reported the following year-end information: Beginning Raw Materials Inventory $60,000 Ending Raw Materials Inventory 90,000 Beginning Work in Process Inventory 113,000 Ending Work in Process Inventory 180,000 Raw Materials purchased 200,000 Direct Labor 210,000 Manufacturing Overhead 490,000 Selling and Administrative Expenses 157,000
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