Please do not give solution in image format thanku Vermont State, Inc used $153,000 of direct materials and incurred $63,000 of direct labor costs during the year Indrect labor amounted to $268,000, while indirect materials used totaled $53,500. Other operatingcosts pertaining to the factory included suttities of $130,500, maintenance of $73.980, repars of $53,550, depreciation of $132.500, and property taxes of $73,400 There was no beginning or ending finishedgoods inventory, but Work-in-Process inventory began the year with a $5,800 balance and ended the year with a $7,000 balanceHow much is the cost of goods manufactured?OA. $12.000OB. $1,000 290OC. $1,007 200OD. $1.001,490

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Vermont State, Inc. used $153,000 of direct matenars and incurred $63,000 of direct labor costs during the year Indirect labor amounted to $268,000, while indirect materials used totaled $53,500 Other oper costs pertaining to the factory included utilities of $130,000, maintenance of $73.900, repairs of $53,550, depreciation of $132.500, and property taxes of $73,400 There was no beginning or ending finished goods inventory, but Work-in-Process inventory began the year with a $5,800 balance and ended the year with a $7,000 balance How much is the cost of goods manufactured? OA $12.000 OB. $1,000 290 OC. $1.007 200 OD $1,001,490

Vermont State, Inc. used $153,000 of direct matenars and incurred $63,000 of direct labor costs during the year Indirect labor amounted to $268,000, while indirect materials used totaled $53,500 Other oper costs pertaining to the factory included utilities of $130,000, maintenance of $73.900, repairs of $53,550, depreciation of $132.500, and property taxes of $73,400 There was no beginning or ending finished goods inventory, but Work-in-Process inventory began the year with a $5,800 balance and ended the year with a $7,000 balance How much is the cost of goods manufactured? OA $12.000 OB. $1,000 290 OC. $1.007 200 OD $1,001,490

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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