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Question: Youngstown Rubber reports the following data for its first year of operation.

Direct materials used= $711,000

Cost of goods manufactured= $680,600

Finished goods inventory, ending= $191,000

Manufacturing Overhead= 100,000

Finished goods inventory, beginning = 0

Work in process inventory, beginning = 0

Work in process inventory, ending = 130,400

What is the cost of goods sold?

A. $1,491,600

B. $459,200

C. $489,600

D. $680,600

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92572232

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