$ 46,000 24,000 Canada Company reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead How much is Canada's cost of goods manufactured for the year? a. $834,000 b. $1,374,000 C. $1,370,000 d. 50,000 15,000 825,000 440,000 100,000 $1,378,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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$ 46,000
Canada Company reported the following year-end information:
Beginning work in process inventory
Beginning raw materials inventory
Ending work in process inventory
Ending raw materials inventory
Raw materials purchased
Direct labor
Manufacturing overhead
24,000
50,000
15,000
825,000
440,000
100,000
How much is Canada's cost of goods manufactured for the year?
a. $834,000
b. $1,374,000 C. $1,370,000 d.
$1,378,000
Transcribed Image Text:$ 46,000 Canada Company reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 24,000 50,000 15,000 825,000 440,000 100,000 How much is Canada's cost of goods manufactured for the year? a. $834,000 b. $1,374,000 C. $1,370,000 d. $1,378,000
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