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Table 2.3 Fitness Company reports the following data for 20X9, its first year of

ID: 2381477 • Letter: T

Question

Table 2.3
Fitness Company reports the following data for 20X9, its first year of operations:

Cost of goods manufactured $440,000
Work in process inventory, Dec. 31, 20X9 130,000
Direct materials used 115,000
Manufacturing overhead incurred 160,000
Finished goods inventory, Dec. 31, 20X9 75,000


Refer to Table 2.3. What are the total manufacturing costs for the year ended December 31, 20X9? Table 2.3
Fitness Company reports the following data for 20X9, its first year of operations:

Cost of goods manufactured $440,000
Work in process inventory, Dec. 31, 20X9 130,000
Direct materials used 115,000
Manufacturing overhead incurred 160,000
Finished goods inventory, Dec. 31, 20X9 75,000


Refer to Table 2.3. What are the total manufacturing costs for the year ended December 31, 20X9?

Explanation / Answer

290,000