(Answered) Question - a company budgets the followingtotal direct

Accounting

Question - A Company budgets the following:

Total direct materials placed into production $135,210

Total direct labor cost 241,440

Assume the estimated inventories on January 1, 2017, for finished goods and work in process were $14,490 and $4,830, respectively. Also assume the desired inventories on December 31, 2017, for finished goods and work in process were $8,210 and $5,550, respectively. Factory overhead was budgeted at $132,790.

How much is budgeted cost of goods sold for 2017?

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