The Juarez Corporation Incurred the Following Transactions During Its First

Multiple Choice

The Juarez Corporation incurred the following transactions during its first year of operations.(Assume all transactions involve cash) .
1) Acquired $1,000 of capital from the owners.
2) Purchased $400 of direct raw materials.
3) Used $300 of these direct raw materials in the production process.
4) Paid production workers $400 cash.
5) Paid $200 for manufacturing overhead (applied and actual overhead are the same) .
6) Started and completed 200 units of inventory.
7) Sold 50 units at a price of $6 each.
8) Paid $40 for selling and administrative expenses.
The amount of cost of goods manufactured would be:

A) $1,000.
B) $900.
C) $800.
D) $600.