Question

3. Tellis Tires has the following data: beginning work in process $240,000, direct materials used $120,000, direct labor $340,000, and total manufacturing overhead $212,000. a. Compute Total Manufacturing Costs b. Compute Total Cost of Work in Process. 4. Green Mountain Co. reported the following year-end information: beginning work in process inventory, $200,000; cost of goods manufactured, $850,000; beginning finished goods inventory, $415,000; ending work in process inventory, $410,000; and ending finished goods inventory, $225,000. Green Mountain Co.'s Cost of Goods Sold for the year is:

Answer 1

3)
	Work in process,Beginning						240,000
	Plus:Manufacturing costs incurred
		Direct materials used				120,000
		Direct labor				340,000
		Manufacturing overhead				212,000
	total manufacturing cost						672,000
	total work in process						912,000
	a)	total manufacturing costs
		672,000
	b)	total cost of work in process
		912,000
4)	cost of goods sold for the year
	beginning ,finished goods inventory					415,000
	add cost of goods manufactured					850,000
	cost of goods available for sale					1,265,000
	ending , finished goods inventory					225,000
	cost of goods sold					1,040,000	answer