During the current year, the jules company incurred the following product costs: direct materials used in production $250,000direct labor $185,000manufacturing overhead $245,500the jules company's beginning work in process inventory was $20,000 and its ending work in process inventory amounted to $30,000. what is the company's cost of finished goods manufactured for the year? a) $700,500. b) $690,500. c) $430,500. d) $670,500

Option (D) is correct.

Explanation:

Given that,

Direct materials used in production = $250,000

Direct labor = $185,000

Manufacturing overhead = $245,500

Beginning Work in Process Inventory = $20,000

Ending Work in Process Inventory = $30,000

Cost of finished goods manufactured for the year:

= Direct materials used in production + Direct labor + Manufacturing overhead + Beginning Work in Process Inventory

= $250,000 + $185,000 + $245,500 + $20,000 - $30,000

= $670,500

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.