The following cost information is presented for Phoenix Ltd. for the most recent period. Cost of direct material used in manufacturing $62,000
Direct labour costs 15,000
Manufacturing overhead 6,500
Sales commissions at 8% of sales 22,000
Opening finished goods inventory 5,000
Opening work-in-process inventory 3,000
Ending finished goods inventory 12,000
Ending work-in-process inventory 12,000
Required:
What was the cost of goods manufactured for Phoenix?