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6. The following information was taken from the accounts of the Gorme Manufacturing Company for...

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Accounting

6. The following information was taken from the accounts of the Gorme Manufacturing Company for 2006:

Finished goods inventory, 1/1

$50,000

Finished goods inventory, 12/31

33,000

Raw materials used

80,000

Direct labor

60,000

Factory depreciation

35,000

Sales salaries

30,000

Sales returns

8,000

Goods in process, 1/1

70,000

Goods in process, 12/31

90,000

Gorme's cost of goods sold for 2006 was

a.

$130,000

b.

$144,000

c.

$172,000

d.

$170,000

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