The Following Information Pertains to Steel Wheels, Inc What Are the Prime Costs for the Year?
A)$360,000
B)$480,000

Multiple Choice

The following information pertains to Steel Wheels, Inc: $$\begin{array} { l r } \text { Cost of goods manufactured } & \$ 350,000 \\\text { Beginning work-in-process inventory } & 110,000 \\\text { Ending work-in-process inventory } & 80,000 \\\text { Manufacturing overhead } & 50,000\end{array}$$ What are the prime costs for the year?

A) $360,000
B) $480,000
C) $270,000
D) $300,000