Homework Answers
Answer:
Option 4th is correct. i.e $950,000.
| Working..... | Amount($) |
| Direct materials used | 2,65,000 |
| Direct labor (25,000 hours) | 3,00,000 |
| Factory Overhead (25000 hours x 16 per hours) | 4,00,000 |
| Total Manufacturing Costs | 9,65,000 |
| Add: Opening Work in process | 75,000 |
| Less: Closing Work in process | 90,000 |
| Cost of Goods Manufactured | 9,50,000 |
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The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used...
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