The following information is available for Neaves Manufacturing Company for the month ending January… 1 answer below »

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Cost of goods manufactured for a manufacturing company

The following information is available for Neaves Manufacturing Company for the month ending January 31, 2012:

Cost of   direct materials used in production

$215,000

Direct   labor

185,000

Work in   process inventory, January 1

85,000

Work in   process inventory, January 31

94,000

Total   factory overhead

130,000

Determine Neaves’ cost of goods manufactured for the month ended January 31, 2012.