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Boardman Company reported the following data for the month of January:
Inventories: | 1/1 | 1/31 |
Raw materials | $32,000 | $31,000 |
Work in process | $18,000 | $12,000 |
Finished goods | $30,000 | $35,000 |
Additional information: | |
Sales revenue | $210,000 |
Direct labour costs | $40,000 |
Manufacturing overhead costs | $70,000 |
Selling expenses | $25,000 |
Administrative expenses | $35,000 |
Assuming that cost of goods sold for Boardman Company for January was $140,000, what was the cost of goods manufactured for the month?
Multiple Choice
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$139,000
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$135,000
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$140,000
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$145,000
Answer & Explanation
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