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Argento Supplies, Inc. selected cost data for the year are shown below. Work-in-Process Inventory, Jan. 1 $5,920 Direct Mater
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Answer #1

Manufacturing overhead incurred = $27,800

Work in process inventory , Jan. 1= $5,920

Direct materials used = $101,000

Work in process inventory , Dec. 31= $2,860

Cost of goods manufactured = $193,100

Cost of goods manufactured = Direct materials used+ direct labor + Factory overhead + Work in process inventory , Jan. 1- Work in process inventory , Dec. 31

193,100 = 101,000+ Direct labor +27,800+5,920-2,860

Direct labor = $61,240

The amount of direct labor incurred by Argento Supplies Inc. during the year is $61,240.

Correct option is B.

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