Biology Forums - Study Force

Koczela Incorporated has provided the following data for the month of May:

Inventories:

	Beginning	Ending
Work in process	$25,000	$20,000
Finished goods	$54,000	$58,000

Additional information:

Direct materials	$65,000
Direct labor cost	$95,000
Manufacturing overhead cost incurred	$71,000
Manufacturing overhead cost applied to Work in Process	$69,000

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

The cost of goods manufactured for May is:

▸ $229,000

▸ $234,000

▸ $231,000

▸ $236,000

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