Current information for the Healey Company follows: Beginning raw materials inventory Raw material purchases Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Direct labor 28,000 42,800 Total factory overhead 30,000 All raw materials used were direct materials. Healey Company's cost of goods manufactured for the year is: Multiple Choice $139,000. $128,600. $ 15,200 60,000 16,600 22,400 $131,400.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Current information for the Healey Company follows:
Beginning raw materials inventory
Raw material purchases
Ending raw materials inventory
Beginning work in process inventory
Ending work in process inventory
Direct labor
28,000
42,800
Total factory overhead
30,000
All raw materials used were direct materials. Healey Company's cost of goods manufactured for the year is:
Multiple Choice
$139,000.
$128,600.
$ 15,200
60,000
16,600
22,400
$131,400.
Transcribed Image Text:Current information for the Healey Company follows: Beginning raw materials inventory Raw material purchases Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Direct labor 28,000 42,800 Total factory overhead 30,000 All raw materials used were direct materials. Healey Company's cost of goods manufactured for the year is: Multiple Choice $139,000. $128,600. $ 15,200 60,000 16,600 22,400 $131,400.
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