Homework Answers
Answer = $248160
Explanation;
Direct labour cost to manufacturing overhead cost percentage = $350000/$250000 = 140%
Total cost of goods manufactured for january (including unfinished job) = manufacturing overhead cost + direct labour cost + direct material
= ($63200 × 140%) + $63200 + $123800 = $275480
Less: cost of unfinished job = ($27320*)
Cost of goods manufactured = $248160
*Cost of unfinished job = ($5300 × 140%) + $5300 + $14600 = $27320
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