The following information is available for Applebaum Manufacturing Company for the month ending January 31, 2008:
|
Cost of direct materials used in production |
$165,000 |
|
Direct labor |
145,000 |
|
Work in process inventory, January 1 |
70,000 |
|
Work in process inventory, January 31 |
125,000 |
|
Total factory overhead |
65,000 |
Determine Applebaum’s cost of goods manufactured for the month ended January 31, 2008.