Homework Answers
2) Cost of goods manufactured
| Beginning raw material | 120000 |
| Purchase | 840000 |
| Ending raw material | -96000 |
| Direct material used | 864000 |
| Direct labor | 150000 |
| Manufacturing overhead | 192000 |
| Total manufacturing cost | 1206000 |
| Beginning WIP | 156000 |
| Ending WIP | -174000 |
| Cost of goods manufactured | 1188000 |
So answer is b) $1188000
2) Calculate following
| Direct material | 230000 |
| Direct labor | 150000 |
| Manufacturing overhead | 225000 |
| Total manufacturing cost | 605000 |
| Beginning WIP | 30000 |
| Less: Ending WIP | -15000 |
| Cost of goods manufactured | 620000 |
So answer is d) $605000; $620000
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