Question

XYZ Products manufactures a variety of products in its factory. Data
for the most recent month’s operations
appear below:
Beginning raw materials inventory ........................ $120,000
Purchases of raw materials .................................. $1,380,000
Ending raw materials inventory ............................ $90,000
Direct labor ........................................................... $270,000
Manufacturing overhead ....................................... $740,000
Beginning work in process inventory .................... $240,000
Ending work in process inventory ......................... $260,000
Required:
How much is the cost of goods manufactured for the company for
the month

Answer 1