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Using $2,419,000 as the total manufacturing costs, compute the cost of goods manufactured using the following information.

Raw materials inventory, January 1	$ 29,800
Raw materials inventory, December 31	36,100
Work in process, January 1	22,000
Work in process, December 31	28,100
Finished goods, January 1	45,000
Finished goods, December 31	37,300
Raw materials purchases	1,177,500
Direct labor	437,000
Factory utilities	143,000
Indirect labor	70,300
Factory depreciation	200,000
Operating expenses	346,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9946617

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