McGown Corp. has the following information: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory$20,000 $30,000 Work in Process Inventory$15,000 $18,000 Finished Goods Inventory$30,000 $20,000 Additional information for the year is as follows: Raw materials purchases$100,000Direct labor$75,000Manufacturing overhead applied$80,000Indirect materials$0Compute the cost of goods manufactured.
A. $235,000
B. $265,000
C. $248,000
D. $242,000
Answer: D
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