Fire Cat,Inc.selected cost data for the year are shown below: $$\begin{array} { | l | r | }
\hline \text { Cost of Goods Manufactured } & \$ 145,500 \
\hline \text { Work-in-Process Inventory, Jan. 1 } & 19,500 \
\hline \text { Work-in-Process Inventory, Dec. } 31 & 22,000 \
\hline \text { Direct Materials Used } & 18,600 \
\hline
\end{array}$$ What is the total of manufacturing costs incurred by Fire Cat,Inc.during the year?
A)$148,000
B)$143,000
C)$22,900
D)$38,100

Question

Fire Cat,Inc.selected cost data for the year are shown below: $$\begin{array} { | l | r | } 
\hline \text { Cost of Goods Manufactured } & \$ 145,500 \
\hline \text { Work-in-Process Inventory, Jan. 1 } & 19,500 \
\hline \text { Work-in-Process Inventory, Dec. } 31 & 22,000 \
\hline \text { Direct Materials Used } & 18,600 \
\hline
\end{array}$$ What is the total of manufacturing costs incurred by Fire Cat,Inc.during the year?
A)$148,000
B)$143,000
C)$22,900
D)$38,100

Quizplus · Accepted Answer

The total manufacturing costs incurred by Fire Cat, Inc. during the year is $148,000. This is calculated by adding the cost of goods manufactured ($145,500) to the increase in work-in-process inventory ($2,500).

Fire Cat,Inc What Is the Total of Manufacturing Costs Incurred by Fire