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3 years ago

Which of the following represents the correct formula for calculating cost of goods manufactured?

Business

1 answer:

denis23 [38]3 years ago

6 0

Answer:

B) Direct materials used + direct labor + factory overhead + beginning work in process - ending work in process.

Explanation:

The formula to compute the cost of goods manufactured is shown below:

= Direct material used + Direct labor + Manufacturing Overhead

where,

Manufacturing Overhead equal to

= Factory overhead + Beginning work-in-process - Ending work-in-process

Or we can say that

Direct material used + direct labor + factory overhead + beginning work in process - ending work in process

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1 year ago

Supplies that are not used immediately are recorded as a(n) ______ when purchased.

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1 year ago

5.ABC Company is planning to market a new model of product X. The management

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3 years ago

Sox Corporation purchased a 30% interest in Hack Corporation for $1,825,000 on January 1, 2021. On November 1, 2021, Hack declar

Kazeer [188]

Answer:

the loss reported is $1,135,000

Explanation:

The computation of the amount of loss reported is shown below:

Investment cost $1,825,000

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