The accounting records of bronco company revealed the, Ask an Expert

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The accounting records of Bronco Company revealed the following information:

Raw materials used	$ 78,000
Direct labor	143,000
Manufacturing overhead	378,000
Work-in-process inventory, 1/1	68,000
Finished-goods inventory, 1/1	207,000
Work-in-process inventory, 12/31	94,000
Finished-goods inventory, 12/31	158,000

Bronco's cost of goods manufactured is:

	$576,000.
	$622,000.
	$573,000.
	$625,000.
	None of these.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9798315

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