Question
In: Accounting
Use the cost information below for Ruiz Inc. to determine thetotal manufacturing costs incurred during...
Use the cost information below for Ruiz Inc. to determine the
total manufacturing costs incurred during the year:
| Work in Process, January 1 | $ | 53,200 | |
| Work in Process, December 31 | 38,600 | ||
| Direct materials used | $ | 14,100 | |
| Total factory overhead | 7,100 | ||
| Direct labor used | 28,100 | ||
Multiple Choice
$63,900.
$102,500.
$95,400.
$49,300.
$14,600.
Solutions
Expert Solution
| Direct materials used | $ | 14,100 | |
| Total factory overhead | 7,100 | ||
| Direct labor used | 28,100 |
total manufacturing costs = Direct materials used + Direct labor used + Total factory overhead
= 14,100+28,100+7,100
= $49,300
the total manufacturing costs incurred during the year is $49,300.
Fourth option is correct.
ekkarill92 answered 1 year agoRelated Solutions
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