Business
05.06.2020 12:13
162
332
6
Solved by an expert

Use the following data to determine the cost of goods manufactured: beginning finished

Use the following data to determine the cost of goods manufactured: beginning finished goods inventory $ 12,700 direct labor 32,500 beginning work in process inventory 9,100 general and administrative expenses 15,400 direct materials used 42,400 ending work in process inventory 10,900 indirect labor 8,200 ending finished goods inventory 11,400 indirect materials 15,400 depreciation—factory equipment 9,400
Show Answers
taelor32
taelor32
4,7(80 marks)

The cost of goods manufactured is $73100.

Explanation:

total manufacturing costs = Direct materials used + Direct labor

                                           = $42,400 + $32,500

                                           = $74900

total work in process = total manufacturing costs  + Beginning work in process inventory

                                   = $74900 + $9,100

                                   = $84000

cost of goods manufactured = total work in process - Ending work in process inventory

                                               = $84000 - $10,900

                                               = $73100

Therefore, the cost of goods manufactured is $73100.

deandrehudson18
deandrehudson18
4,9(23 marks)

c and e

Explanation:

those are 2 examples of it

Popular Questions about the subject: Business

In 2006, willem de kooning s abstract painting woman iii sold for $137.5 million....
Business
28.03.2023 01:32

New questions by subject

What does the document say about the government of Great Britain?...
History
18.11.2021 20:41
Seventy -seven Hours in February all about...
English
29.05.2020 06:32
How do cultures influence one another? Give at least one example from American...
History
04.10.2020 07:37
What economic system is being described?...
Social Studies
22.02.2020 08:19
I need help please help...
Mathematics
08.02.2023 08:05
#
#
#
#
# #

We expand our knowledge with many expert answers