Kepler's Fudge Factory
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Kepler's Fudge Factory had the following information available for the month of September:
Beginning Ending
Raw materials inventory $41,000 $21,000
Work in process inventory $26,000 $36,000
Finished-goods inventory $31,000 $21,000
Raw material purchased $98,000
Direct labor (2,000 hrs. @9) 18,000
Overhead 51,000
Required:
Calculate the cost of goods manufactured for the month and show work calculation.
**see attached word document for formatted information.
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Solution Summary
This solution shows the exact calculations needed to determine the cost of goods manufactured for the month of September for Kepler's Fudge Factory. Additionally, this solution includes one reference source for further research on the topic.
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** Please see the complete solution in the attached Word document **
Beg. Raw materials inventory 41,000
Raw materials purchased + 98,000
Ending raw materials inventory - 21,000
= 118,000
Direct labor 18,000
Overhead 51,000
= 118000 + 18000 + 51000 ...
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