Question

Saint Mary's Admi... Saint Mary's Main... M CALCULUS TEXT 2 E 5 Google Docs Sy Symbolab Math S... Desmos | Graphin... Easy Exam 1 6 Saved Assume the following from a schedule of cost of goods manufactured the company uses no indirect materials in production): 35 8 00:17:34 Beginning work in process inventory Ending work in process inventory Beginning raw materials inventory Ending raw materials inventory Purchases of raw materials Direct labor Manufacturing overhead applied to production $10,000 $17,600 $ 3,000 $ 6,000 $38,000 $17,000 $32,000 Graw pps MC What is the cost of goods manufactured? Multiple Choice $76,400 COA A < Prey 35 of 40 Next > SEP 22 A

Answer 1

The answer to the above question will be $76,400

Computation of Cost of Goods Sold

Direct Materials
Beginning Raw Materials Inventory	$3,000
+ Purchases of Raw Materials	$38,000
- Closing Raw Materials Inventory	$6,000
	$35,000
Direct Labour	$17,000
Manufactured Overhead applied to Production	$32,000
Total Manufacturing Costs	$84,000
+ Beginning Work in Process Inventory	$10,000
- Ending Work in Process inventory	$17,600
Cost of Goods Sold	$76,400