Reference no: EM132807449
Sales $1,000,000
Net purchases of raw materials 600,000
Cost of goods manufactured 800,000
Marketing and administrative expenses 250,000
Indirect manufacturing costs 500,000
Work in process (Beginning inventory) 500,000
Work in process (Ending inventory) 400,000
Finished goods (Beginning inventory) 100,000
Finished goods (Ending inventory) 500,000
Problem 1: What is the amount of total manufacturing cost?
a. $700,000
b. $800,000
c. $900,000
d. $1,000,000