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Marigold Corp' accounting records reflect the following inventories:
Dec. 31,2021
Dec. 31, 2022
Raw materials inventory
Work in process inventory
Finished goods inventory
$170000
$100000
196000
214000
190000
178000
During 2022, Marigold purchased $1020000 of raw materials, incurred direct labor costs of $175000, and incurred manufacturing
overhead totaling $224000.
Marigold Corp's accounting records reflect the following inventories: Dec. 31, 2021 Dec. 31, 2022 Raw materials inventory $170000 $100000 Work in process inventory 196000 214000 Finished goods inventory 190000 178000 During 2022, Marigold purchased $1020000 of raw materials, incurred direct labor costs of $175000, and incurred manufacturing overhead totaling $224000. How much would Marigold Corp. report as cost of goods manufactured for 2022? O $1477000 O $1229000 O $1483000 O $1471000 Attempts: 0 of 1 used Submit Answer Save for Later