Suppose a bakery reports the following Data Table Click the

Suppose a bakery reports the following Data Table (Click the icon to view the data.) The bakery has determined cost of direct materials used to be $102,000. What is the cost of goods manufactured? Ending Direct Materials Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Direct Labor Purchases of Direct Materials Manufacturing Overhead $6,000 5,000 2,000 1,000 4,000 6,000 29,000 101,000 21,000 OA $148,000 O B. $175,000 s| 0 C. $151,000 OD, $153,000 Print Done ig s Click to select your answer.

Solution

Answer $ 153000

Begning Working Process Inventory	2,000
Direct materials used	1,02,000
Direct labor	29,000
Manufacturing overhead	21,000
Less Ending Work in process inventory	-1,000
Cost of goods manufactured	1,53,000