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Vega Manufacturing Company developed the following data: Beginning work in process inventory: $900,000 Direct materials used:...

Vega Manufacturing Company developed the following data: Beginning work in process inventory: $900,000 Direct materials used: $800,000 Actual overhead: $1,000,000 Overhead applied: $800,000 Direct labor: $1,300,000 Ending work in process: $1,600,000 Vega's total manufacturing costs for the period is

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Statement of Cost of Goods Manufactured
Amount Amount
Manufacturing Cost
Direct Material used during the year $           8,00,000
Direct Labor $         13,00,000
Overhead applied $           8,00,000
Total Manufacturing Cost $        29,00,000
Add: Opening Work-in-process, $           9,00,000
Total costs in process $        38,00,000
Less: Ending Work-in-process $        16,00,000
Cost of goods manufactured $        22,00,000
Answer = Cost of Goods Manufactured $        22,00,000
Note: Overhead expenses taken for manufacturing cost is overhead applied
            So taken $800,000 only in manufacture cost

ekkarill92 answered 2 years ago
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