Stephenson Company's computer system recently crashed, erasing much of the Company's financial data. The following...
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Accounting
Stephenson Company's computer system recently crashed, erasing much of the Company's financial data. The following accounting information was discovered soon afterwards on the CFO's back-up computer disk.
Cost of Goods Sold
$388,600
Work-in-Process Inventory, Beginning
$30,500
Work-in-Process Inventory, Ending
$40,900
Selling and Administrative Expense
$51,200
Finished Good Inventory, Ending
$15,200
Direct Materials Purchased
$176,800
Factory Overhead Applied
$114,900
Operating Income
$22,200
Direct Materials Inventory, Ending
$6,000
Cost of Goods Manufactured
$345,500
Direct Labor
$55,800
The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end.
What should be the amount of total manufacturing cost?
$345,500
$185,200
$386,400
$355,900
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