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Frankin Corporation has provided the following data concerning last month’s operations. Purchases of raw materials $...

Frankin Corporation has provided the following data concerning last month’s operations.

Purchases of raw materials $ 26,000
Direct materials used $ 20,000
Direct labor cost $ 58,000
Manufacturing overhead applied to Work in Process $ 97,000
Beginning Ending
Raw materials inventory $ 11,000 $ 17,000
Work in process inventory $ 52,000 $ 65,000

How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured?

Multiple Choice

  • $169,000

  • $155,000

  • $162,000

  • $168,000

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