me following data from the just completed year are taken from the accounting
cords of ABC Company:
Direct material used in production
$220,000
Direct labor cost
$140,000
MOH applied to production
$180,000
Actual MOH costs
$160,000
Inventories:
Beginning
Ending
Raw materials
$14,000
$30,000
Work in process
$20,000
$10,000
Finished goods
$40,000
$70,000
What is the cost of goods manufactured?
$530,000
$560,000
$520,000
$550,000