Using the following data for February, calculate the cost of goods manufactured:
Direct materials 34,000
Direct labor 18,000
Manufacturing overhead 17,000
Beginning work in process inventory 13,000
Ending work in process inventory 10,000
The cost of goods manufactured was:
(a) 69,000
(b) 72,000
(c) 66,000
(d) 82,000
Solution Summary
The solution explains how to calculate the cost of goods manufactured.
Cost of Goods Manufactured, Gross Margin, Operating Income. ... They help calculate costs of goods manufactured, gross margin and operating income. ...
... based on the balances in Work in Process, Finished Goods, and Cost of Goods Sold will equal the proration based on the manufacturing overhead allocated ...
Two problems are included, one for the calculations of Beginning inventory of finished goods, Cost of goods manufactured during period, Ending inventory of ...
... $12,480,000 Direct Materials Cost of Goods Sold: Beginning Inventory $0 $1,005,000 Direct Materials in Goods Manufactured $3,350,000 $2,680,000 Cost of Goods...
... such as: (1) raw materials, (2) labor, and (3) overhead in the computation of cost of goods sold (COGS) to decide the contribution edging of production of a ...
... A. Prepare a schedule of the cost of finished goods manufactured for the current year (show a supporting computation of the cost of direct materials used ...
... b. Prepare journal entries for the preceding information. c. Prepare a Cost of Goods Manufactured Schedule for July for Jackson Construction Company. ...
