Answer:
Cost of Goods Manufactured = $1,797,100
Explanation:
Cost of Goods Sold Budget
for the Month Ending June 30
Particulars Amount ($) Amount ($)
Finished Goods Inventory $14,300
Work in process inventory $9,600 $23,900
Direct Materials:
Direct materials inventory $11,500
Direct materials purchases $1,372,500
Less: Direct material inventory June 30 $(12,700)
Cost of Direct materials in use: $1,371,300
Direct labor $164,700
Factory Overhead $247,100
Total Manufacturing Cost $1,807,000
Total work in process during period
less: work in process inventory June 30 $(9,900)
Cost of goods manufactured $1,797,100
