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During the month of June, Reardon Company incurred $17,000 of direct labor, $8,500 of manufacturing overhead and purchased $15,000 of raw materials. Between the beginning and the end of the month, the raw materials inventory increased by $2,000, the finished goods inventory increased by $1,500, and the work in process inventory decreased by $3,000. The cost of goods manufactured would be:

a. $38,500.

b. $40,500.

c. $41,500.

d. $43,500.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M996495

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