Raskin Inc. uses job-order costing. In September, the company charged the following costs to jobs: direct...
Raskin Inc. uses job-order costing. In September, the company
charged the following costs to jobs: direct materials, $25,000;
direct labor, $56,000; and manufacturing overhead cost applied,
$54,000. The beginning work in process inventory was $24,000 and
the ending work in process inventory was $23,000.
Required:
Determine the cost of goods manufactured for September.
Homework Answers
Schedule of Cost of Goods manufactured.
Direct Materials :$25,000
Direct labour. :$56,000
Manufacturing overhead . :$54000
Total manufacturing costs =. $135,000
Add: Opening WIP inventory : $24,000
Less: Closing WIP inventory:. $23,000
Cost of goods manufactured = $136,000
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