Calculate the cost of goods manufactured using the following information: Direct materials used$298,500 Direct labor used 132,000 Factory overhead costs 264,000 General and administrative expenses 85,500 Selling expenses 48,800 Work in Process inventory, January 1 118,500 Work in Process inventory, December 31 125,900 Finished goods inventory, January 1 232,100 Finished goods inventory, December 31 238,700
A. $701,900.
B. $772,600.
C. $687,100.
D. $680,500.
E. $674,600.
Answer: C
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