please show all the formulas used step by step
Homework Answers
Answer:
b. $ 20,000
Explanation:
Cost incurred during the month = Material + Labor + Manufacturing costs
= 30,000 + 40,000 + 20,000
= $ 90,000
Opening WIP + cost incurred = Cost of goods manufactured + Closing WIP
= Opening WIP + 90,000 = 95,000 + 15,000
Opening WIP = $ 20,000
In case of any doubt, please comment.
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please show all the formulas used step by step
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Dobson Manufacturing Company uses a job order cost system with
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company estimated its total direct labor cost to be $65,000 and its
total manufacturing overhead cost to be $91,000.
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