Business, 11.02.2020 18:24 bravoy

During the year, MSU purchased materials costing $40,000 and incurred direct labor cost of $15,000. Manufacturing overhead totaled $25,000 for the year. Information on inventories was as follows: Jan 1st Dec 31st Materials $5,000 $6,000 Work in process 1,000 2,000 Finished goods 6,000 4,000 What was the cost of goods sold for the year? . a. $78,000 b. $69,600 c. $79,000 d. $80,000

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During the year, MSU purchased materials costing $40,000 and incurred direct labor cost of $15,000....

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