Question

In: Accounting

Given the following data, determine the cost of goods manufactured. Office supplies $ 11,000 Depreciation, factory...

Given the following data, determine the cost of goods manufactured.

Office supplies $ 11,000
Depreciation, factory equipment 38,000
Direct materials 86,000
Beginning Work in Process 33,000
Utilities, factory 11,000
Utilities, office 9,000
Direct labor 134,000
Ending Work in Process 35,000
Rent, factory building 58,000


$325,000
$336,000
$345,000
$305,000

Solutions

Expert Solution

Correct Option A i.e. $325000
Computation of Cost of Goods manufactured
Opening WIP Inventory                33,000
Add: Direct Material                86,000
Add: Direct labour              134,000
Add: factory depreciation-equipment                38,000
Add: Factory utilities                11,000
Add: rent factory                58,000
Less: WIP inventory              (35,000)
COST OF GOODS MANUFACTURED              325,000

ekkarill92 answered 1 year ago
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