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Managerial accounting: Cost flows, cost of goods manufactured, WIP

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Green Company's costs for the month of August were as follows: direct materials, $27,000; direct labor, $34,000; selling, $14,000; administrative, $12,000; and manufacturing overhead, $44,000. The beginning work in process inventory was $16,000 and the ending work in process inventory was $9,000. What was the cost of goods manufactured for the month?

a. $105,000

b. $132,000

c. $138,000

d. $112,000

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Solution Summary

This solution shows how to calculate the cost of goods manufactured in a month by a given company.

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** Please see the attached file for the complete solution response in Excel format **

Dear student,
Correct answer is (d) $112000 as per the solution presented with full explanatory notes in the attached excel file.

(D) Cost Of Goods Manufactured:
Direct material used in production $ 27,000
Direct Labour $ 34,000
Manufacturing Overhead $ 44,000
Total Manufacturing Costs: ...

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