A corporation used $35,000 of direct materials and incurred $73,000 in direct labor cost, and $112,500 in

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Question:

A corporation used $35,000 of direct materials and incurred $73,000 in direct labor cost, and $112,500 in manufacturing overhead costs during the period. What is the cost of goods manufactured if the beginning and ending Work-in-Process Inventories were $28,000 and $21,500, respectively?

A. $248,500

B. $227,000

C. $214,000

D. $220,500