Crunchem Cereal Company incurred the following actual costs during $20$x$1.$

Direct material used $ $270,000$

Direct labor $120,000$

Manufacturing overhead $252,000$

The firms predetermined overhead rate is $210$ percent of direct$-$labor cost. The January $1$ inventory balances were as follows:

Raw material $ $30,000$

Work in process $40,000$

Finished goods $41,000$

Each of these inventory balances was $10$ percent higher at the end of the year.

EX $3-30($Algo$)$ Part $2$ What was the cost of goods sold for the year?

$2.$ What was the cost of goods sold for the year?

Answer rating: 100% (QA)

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