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Direct Materials Work-in-process inventory Finished goods inventory Beginning Inventory 200 192 324 Ending Inventory 168 174
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Answer #1
Calculation of Direct Materials Used
Raw materials inventory , beginning 200
Add:Direct materials purchases 22,000
Raw Material available for use 22,200
Less:Ending raw material inventory -168
Direct material used $22,032

The total direct materials used in production = $22,032

Calculation of Cost of Goods Manufactured
Direct material used 22,032
Direct labor 7,080
Manufacturing overhead 29,758
Total manufacturing costs 58,870
Add: Work in process inventory, ending 192
Total cost of work in process 59,062
Less: Work in process inventory, ending -174
Cost of goods manufactured $58,888

The cost of goods manufactured $58,888

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