Homework Answers
| Beginning raw material inventory | $ 12,000 |
| Add: Raw material purchases | $ 89,000 |
| Less: Ending raw material inventory | $ (15,000) |
| Raw materials used | $ 86,000 |
| Raw materials used | $ 86,000 |
| Add: Direct labor | $ 114,000 |
| Add: Factory overhead | $ 89,000 |
| Add: beginning work in process inventory | $ 24,000 |
| Less: Ending work in process inventory | $ (34,000) |
| Cost of goods manufactured | $ 279,000 |
| Cost of goods manufactured | $ 279,000 |
| Add: Beginning finished goods inventory | $ 64,000 |
| Less: Ending finished goods inventory | $ (44,000) |
| Cost of goods sold | $ 299,000 |
Answer is D. $86,000 , $279,000 , $299,000
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