Homework Answers
Solution:
Cost of goods manufactured = Cost of goods sold + Ending finished goods - beginning finished goods
= $19400 + $2800 - $1350 = $20,850
Total manufacturing cost during the period = Cost of goods manufactured + Ending WIP - Beginning WIP
= $20850 + $2600 - $1250 = $22,200
Direct materials used = Beginning raw materials + Purchases - Ending raw materials
= $1450 + $11500 - $3400 = $9,550
Direct labor for the period = Total manufacturing cost during the period - Direct materials used - Overhead
= $22200 - $9550 - $6150 = $6,500
Hence first option is correct.
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Use the following data to determine the cost of goods manufactured: Beginning finished goods inventory $...
Use the following data
to determine the cost of goods manufactured:
Beginning finished goods inventory
$
10,800
Direct
labor
30,600
Beginning work
in process inventory
7,200
General and
administrative expenses
13,500
Direct materials
used
40,500
Ending work in
process inventory
9,000
Indirect
labor
6,300
Ending finished
goods inventory
9,500
Indirect
materials
13,500
Depreciation—factory equipment
7,500
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to determine the cost of goods manufactured:
Beginning finished goods inventory
$
10,800
Direct
labor
30,600
Beginning work
in process inventory
7,200
General and
administrative expenses
13,500
Direct materials
used
40,500
Ending work in
process inventory
9,000
Indirect
labor
6,300
Ending finished
goods inventory
9,500
Indirect
materials
13,500
Depreciation—factory equipment
7,500
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