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In: Accounting

Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The...

Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $30,000 at the beginning of the month and $21,000 at the end of the month. During the month, the Corporation incurred direct materials cost of $56,600 and direct labor cost of $30,400. The actual manufacturing overhead cost incurred was $53,800. The manufacturing overhead cost applied to Work in Process was $52,600. The cost of goods manufactured for June was:

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Expert Solution

                                                                   Work in Process

Bal.                                                                         30000                    COGM                 *148600

Direct Material                                                56600

Direct Labor                                                           30400

Applied manufacturing overhead          52600

Bal                                                                          $21000

Explanation:

30000 + 56600 + 30400 +52600 – X = 21000

                                                       X = $148600


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