Given the following data: Work in process, beginning $14,000 Work in process, ending 20,000 Direct labor...
Given the following data: Work in process, beginning $14,000 Work in process, ending 20,000 Direct labor costs 4,000 Cost of goods manufactured 8,000 Factory overhead 8,000 Direct materials used is a.$4,000 b.$8,000 c.$14,000 d.$2,000
Homework Answers
Cost of goods manufacture = Total manufacturing cost +beginning Work in process - ending Work in process
$8,000 = Total manufacturing cost +$14,000 - 20,000
Therefore Total manufacturing cost = $20000+8000 - 14000 = $14,000
Direct material used = Total manufacturing cost - Factory overhead - Direct labor costs
Direct material used = $14,000 - 8,000 - 4,000 = $2,000
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