Calculate the cost of goods manufactured using the following information: Direct materials used $ 298,700 Direct labor used 132,200 Factory overhead costs 264,200 General and administrative expenses 85,700 Selling expenses 49,000 Work in Process inventory, January 1 118,700 Work in Process inventory, December 31 126,100 Finished goods inventory, January 1 232,300 Finished goods inventory, December 31 238,900

$687,700

Explanation:

                                      $

Direct Materials      298,700

Add: Direct Labour  132,200

Prime Cost                                    430,900

Factory Overhead      264,200

Add: Opening WIP      118,700

Less: Closing WIP       126,100

                                                         256,800

Cost of Good Manufacture              687,700

answer; /// egg production using the factory technique falls less than with the free range technique;