Question

Balance Beginning Ending Director $ 11,750.00 $ 8,000.00 Working in Process Inventory 1,850.00 $ 3,500.00 Finished Goods Inventory 1.200.00 $ 3,800.00 Other information Purchase of Direct Material Factory Supervisor Salaries Sales Salaries and Commissions Delivery Cost Sales Revenue Factory Utility Costs Factory Rent Direct Labor $ $ $ $ $ $ $ 40,000.00 5.750.00 7.250.00 1,400.00 115,000.00 1.200.00 17.750.00 25,000.00 $ Required: Please calculate the amount of cost of goods manufactured.

Answer 1

Beginning direct materials	11750.00
(+) Purchase of direct material	40000.00
(-) Ending direct materials	8000.00
Direct materials used	43750.00
Direct materials used		43750.00
(+) Direct labor		25000.00
(+) Factory overheads :
Factory supervisor salaries	5750.00
Factory utility costs	1200.00
Factory rent	17750.00	24700.00
Total manufacturing cost		93450.00
(+) Beginning work in process inventory		1850.00
(-) Ending work in process inventory		3500.00
Cost of goods manufactured		91800.00