Multiple Choice
Hendrix & Franks Company had the following beginning and ending inventory balances for the current year ended December 31: 
In addition, direct labor costs of $33,000 were incurred, manufacturing overhead equaled $46,200, materials purchased were $29,700, and selling and administrative costs were $24,200.Hendrix & Franks Co.sold 27,500 units of product during the year at a sales price of $5.25 per unit.
-What was the amount of cost of goods manufactured for the year?
A) $101,000
B) $124,000
C) $100,000
D) $112,200
Correct Answer:
Verified
Correct Answer:
Verified
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