Assume the following information pertaining to Cub Company: Prime costs $ 196,000 Conversion costs 223,000 Direct...
Assume the following information pertaining to Cub Company:
| Prime costs | $ | 196,000 | |
| Conversion costs | 223,000 | ||
| Direct materials used | 85,700 | ||
| Beginning work in process | 98,900 | ||
| Ending work in process | 81,400 | ||
Cost of goods manufactured is calculated to be:
291200
351200
317200
300200
326200
Homework Answers
Option (e) is correct
Cost of goods manufactured = Direct materials cost + Conversion cost + Beginning work in process - Ending work in process
Cost of goods manufactured = $85700 + $223000 + $98900 - $81400
Cost of goods manufactured = $326200
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