What is the total of manufacturing costs incurred by Fire Cat, Inc. during the year?
Fire Cat, Inc. selected cost data for the year are shown below:
A) $148,000
B) $143,000
C) $22,900
D) $38,100
A) $148,000
Total manufacturing costs incurred = Ending Work-in-Process Inventory + Cost of Goods
Manufactured - Beginning Work-in-Process Inventory = $22,000 + $145,500 - $19,500 = $148,000
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