The following information was taken from the accounting records of the Brothers Company for the year ended 31/12/2020: Increase in Raw Material Inventory $ 30,000 Decrease in Finished Goods Inventory...

The following information was taken from the accounting<br>records of the Brothers Company for the year ended<br>31/12/2020:<br>Increase in Raw Material Inventory<br>$ 30,000<br>Decrease in Finished Goods Inventory<br>$ 70,000<br>Purchases of Raw Materials during the year<br>$ 860,000|<br>Direct Manufacturing Labor<br>$ 400,000<br>Applied Manufacturing Overhead<br>$ 600,000|<br>Delivery expenses<br>$ 90,000<br>Beginning and Ending Work In Process<br>$0<br>What is the cost of goods manufactured for the year 2020?<br>a. $ 1,890,000<br>O b. $ 1,800,000<br>c. $ 1,850,000<br>O d. $ 1,830,000<br>

Extracted text: The following information was taken from the accounting records of the Brothers Company for the year ended 31/12/2020: Increase in Raw Material Inventory $ 30,000 Decrease in Finished Goods Inventory $ 70,000 Purchases of Raw Materials during the year $ 860,000| Direct Manufacturing Labor $ 400,000 Applied Manufacturing Overhead $ 600,000| Delivery expenses $ 90,000 Beginning and Ending Work In Process $0 What is the cost of goods manufactured for the year 2020? a. $ 1,890,000 O b. $ 1,800,000 c. $ 1,850,000 O d. $ 1,830,000

Jun 02, 2022

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The following information was taken from the accounting records of the Brothers Company for the year ended 31/12/2020: Increase in Raw Material Inventory $ 30,000 Decrease in Finished Goods Inventory...

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