Answer:
$72,000 and $229,400
Explanation:
The computation is shown below:
For direct materials used:
= Beginning of Year raw material + Purchase of direct materials - end of year raw material
= $27,000 + $75,000 - $30,000
= $72,000
For goods manufactured, it would be
= Direct material used + Direct labor + Manufacturing Overhead
where,
Manufacturing Overhead would be
= Indirect labor + insurance on plant + Depreciation + Repairs and maintenance+ Beginning work-in-process - Ending work-in-process
= $39,000 + $10,000 + $12,900 + $3,500 + $42,000 - $37,000
= $70,400
So, the goods manufactured would be
= $72,000 + $87,000 + $70,400
= $229,400
