Question: Current Attempt in Progress Marigold Corp's accounting records reflect the following inventories. Dec. 31, 2020 Dec. 31, 2019 Raw materials $310000 $260000 inventory Work in
Current Attempt in Progress Marigold Corp's accounting records reflect the following inventories. Dec. 31, 2020 Dec. 31, 2019 Raw materials $310000 $260000 inventory Work in process 300000 160000 inventory Finished goods inventory 190000 150000 During 2020, $1000000 of raw materials were purchased, direct labor costs amounted to $718100, and manufacturing overhead incurred was $592000 of Marigold Corps cost of goods manufactured for 2020 amounted to $2120100, its cost of goods sold for the year is o $2080100 O $2160100 O $2230100. O $1980100
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
