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The information below relates to Derby Manufacturing Companys oper

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The information below relates to Derby Manufacturing
Company\'s operations for a recent month. (Assume that
all raw materials are direct materials.):
Purchases of raw materials........................
$91,000
Direct labor cost........................................
$122,000
Selling costs (total)....................................
$42,000
Administrative costs (total).......................
$56,000
Manufacturing overhead costs (total).......
$340,000
Raw materials inventory, beginning..........
$22,000
Work in process inventory, beginning.......
$27,000
Finished goods inventory, beginning........
$42,000
Raw materials inventory, ending...............
$7,000
Work in process inventory, ending............
$35,000
Finished goods inventory, ending.............
$15,000
What was Derby\'s cost of goods manufactured for the
month?
$545,000
$560,000
$568,000
$587,000
Purchases of raw materials........................
$91,000
Direct labor cost........................................
$122,000

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Selling costs (total)....................................
$42,000
Administrative costs (total).......................
$56,000
Manufacturing overhead costs (total).......
$340,000
Raw materials inventory, beginning..........
$22,000
Work in process inventory, beginning.......
$27,000
Finished goods inventory, beginning........
$42,000
Raw materials inventory, ending...............
$7,000
Work in process inventory, ending............
$35,000
Finished goods inventory, ending.............
$15,000
Solution
b. $560,000
Derby Manufacturing Company
Schedule of Cost of Goods Manufactured
Direct materials:
Beginning raw materials inventory
$22,000
Add: Purchases of raw materials

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The information below relates to Derby Manufacturing Company\'s operations for a recent month. (Assume that all raw materials are direct materials.): Purchases of raw materials........................ $91,000 Direct labor cost........................................ $122,000 Selling costs (total).................................... $42,000 Administrative costs (total)....................... $56,000 Manufacturing overhead costs (total)....... $340,000 Raw materials inventory, beginning.......... $22,000 Work in process inventory, beginning....... $27,000 Finished goods inventory, beginning........ $42,000 Raw materials inventory, ending............... $7,000 Work in process inventory, ending............ $35,000 Finished goods inventory, ending............. $15,000 What was Derby\'s cost of goods manufactured for the month? $545,000 $560,000 $568,000 $587,000 Purchases of raw materials........................ $91,000 Direct labor cost........................................ $122,000 Selling costs (total).................................... $42,000 Administrative costs (total)....................... $56,000 Manufacturing overhead costs (total)....... $340,000 Raw materials inventory ...
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