During the current year, Jules Company incurred the following product costs:

Direct materials used in production $252,000

Direct labor $130,500 

Manufacturing overhead $196,000

Jules Company's beginning Work in Process Inventory was $11,000 and its ending Work in Process Inventory amounted to $25,500. What is the company's cost of finished goods manufactured for the year?

$297,250.

$560,250.

$563,750.

$534,750.

Answer rating: 100% (QA)

Cost of Finished Goods Manufactured Beginning workin ... View the full answer