Danville Co. provided the following information for the year ended December 31, 20Y1: Work-in-process inventory - beginning balance $620,000 Work-in-process inventory - ending balance $570,000 Direct material placed in production $78,000 Selling expenses $85,000 General and administrative expenses $245,000 Direct labor used in production $130,000 Manufacturing overhead $590,000 Compute the costs of goods manufactured during the year ended December 31, 20Y1. Group of answer choices $748,000 $1,128,000 $1,418,000 $848,000
Danville Co. provided the following information for the year ended December 31, 20Y1: Work-in-process inventory - beginning balance $620,000 Work-in-process inventory - ending balance $570,000 Direct material placed in production $78,000 Selling expenses $85,000 General and administrative expenses $245,000 Direct labor used in production $130,000 Manufacturing overhead $590,000 Compute the costs of goods manufactured during the year ended December 31, 20Y1. Group of answer choices $748,000 $1,128,000 $1,418,000 $848,000
Question
Danville Co. provided the following information for the year ended December 31, 20Y1:
Work-in-process inventory - beginning balance $620,000
Work-in-process inventory - ending balance $570,000
Direct material placed in production $78,000
Selling expenses $85,000
General and administrative expenses $245,000
Direct labor used in production $130,000
Manufacturing overhead $590,000
Compute the costs of goods manufactured during the year ended December 31, 20Y1.
Group of answer choices
$748,000
$1,128,000
$1,418,000
$848,000
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