Bradley Inc.'s accounting records reflect the following inventories: Dec. 31, 2023 Dec. 31, 2024 Raw materials $180,000 $144,000 Work in process 210,000 225,000 Finished goods 225,000 198,000 During 2024, Bradley purchased $960,000 of raw materials, incurred direct labor costs of $225,000, and incurred manufacturing overhead totaling $288,000. How much would Bradley Manufacturing report as the cost of goods manufactured for 2024? a. $1,638,000 b. $1,593,000 c. $1,494,000 d. $1,479,000

Bradley Inc.'s accounting records reflect the following inventories: Dec. 31, 2023 Dec. 31, 2024 Raw materials $180,000 $144,000 Work in process 210,000 225,000 Finished goods 225,000 198,000 During 2024, Bradley purchased $960,000 of raw materials, incurred direct labor costs of $225,000, and incurred manufacturing overhead totaling $288,000. How much would Bradley Manufacturing report as the cost of goods manufactured for 2024? a. $1,638,000 b. $1,593,000 c. $1,494,000 d. $1,479,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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