Purchase Solution

Cost of Goods Manufactured

Not what you're looking for?

Ask Custom Question

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

Purchase this Solution
Solution Summary

The solution explains how to calculate the cost of goods manufactured.

Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

View More Free Quizzes
Related BrainMass Solutions

  • Manufacturing cost and cost of goods manufactured

    Cost of goods manufactured Cost of goods manufactured is the cost of finished goods produced in this period Cost of goods manufactured = Opening WIP + Total Manufacturing Cost - Ending WIP Cost of goods manufactured = 40,000+190,000-30,000 = $200,000

  • Cost of Goods Manufactured and Sold

    Cost of goods manufactured $743,000 Cost of goods manufactured = Beginning work-in-process inventory + Total manufacturing cost - Ending Work-in-process inventory Cost of goods manufactured = $233,000 + $761,000 - $251,000 Cost of goods manufactured

  • Gravois, Inc. manufactured goods

    Calculate the cost of goods manufactured during June and the average cost per unit of product manufactured. b. Calculate the cost of goods sold during June c. Calculate the difference between cost of goods manufactured and cost of goods sold.

  • Cost of goods manufactured, cost of goods sold, and income statement

    Cost of goods manufactured, cost of goods sold, and income statement.

  • Computing Cost of Goods Manufactured

    190493 Computing Cost of Goods Manufactured Computing Cost of Goods Manufactured Using the following information, compute cost of goods manufactured, which is the cost of inventory transferred to Finished Goods Inventory.

  • Prepare a Cost of Goods Manufactured Schedule

    Prepare a condensed cost of goods manufactured schedule.

  • Cost Management - Cost of Goods Manufactured

    Cost of goods Manufactured= Manufacturing costs+Opening WIP-Closing WIP =1570000+67000-83000 =$1554000 Cost of goods Sold = Cost of goods Manufactured+Opening Finished goods-Closing finished goods =1554000+200000-180000 =$1574000.

  • Managerial Accounting: Cost of goods manufactured and sold

    of goods manufactured $298,000 Schedule of cost of goods sold Beginning finished goods inventory $78,000 Add: Cost of goods manufactured $298,000 Goods available for sale $376,000 Less: Ending finished

  • Accounting Managerial: Cost of Goods Manufactured and Sold

    64825 Accounting Managerial Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold [LO1, LO3, LO4] The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed:

  • Cost of goods sold manufactured and sold

    RAW MATERIAL 60000 WIP 145000 205000 COST OF GOODS MANUFACTURED 508,000 Cost of goods sold Schedule Finished goods inventory, Mar 1 $78,000 Cost of goods manufactured 508,000 Cost of goods available for sale 586,000

View More Related Solutions