Freeman Furnishings has summarized its data as shown. Direct labor hours will be used as the activity base to allocate overhead: Raw materials purchased = $320,000 Raw materials, beginning inventory = 15,000 Raw materials, ending inventory = 14,000 Work in process, beginning inventory = 35,000 Work in process, ending inventory = 37,000 Estimated overhead = 300,000 Depreciation of factory building = 50,000 Factory real estate taxes = 7,382 Factory utility expenses = 45,000 Indirect materials = 20,000 Indirect labor = 11,000 Direct labor cost =100,000 Direct labor hours incurred = 24,000 Estimated direct labor hours = 25,000.What is the cost of goods manufactured for Freeman Furnishings?
A) $290,000
B) $310,000
C) $320,000
D) $330,000
