Answer:
The correct answer is: D= $265,000
Explanation:
Giving the following information:
Direct materials used $710,000
Cost of goods manufactured $455,000
Finished goods inventory (ending) 190,000
Manufacturing overhead100,000
Finished goods inventory beginning 0
Work in process inventory beginning 0
Work in process inventory, ending 130,000
First, we need to calculate the cost of goods manufactured during the period:
Cost of manufactured period= $455000
Now, we can calculate the cost of goods sold (COGS):
COGS=Beginning Inventory+Production during period−Ending Inventory
COGS= 0 + 455000- 190000= $265000
