Towson Manufacturing had a Work in Process balance of $138,000 on January 1, 2018. The year-end balance of Work in Process was $56,000 and the Cost of Goods Manufactured was $610,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round the answer as whole dollars only.)

Towson Manufacturing had a Work in Process balance of $138,000 on January 1, 2018. The year-end balance of Work in Process was $56,000 and the Cost of Goods Manufactured was $610,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round the answer as whole dollars only.)

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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Baltimore Manufacturing had a Work in Process balance of $64,000 on January 1, 2018. The year-end balance of Work in Process was $51,000 and the Cost of Goods Manufactured was $500,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018.
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