Question

Using the information below for Sundar Company; determine the cost of goods manufactured during the current year: Direct materials used $ 19,000 Direct labor used 24,500 Factory overhead 55,100 Beginning work in process 10,700 Ending work in process 11,300.a. $98,600. b. $43,500. c. $98,000. d. $42,900. e. $79,000.

Answer 1

Answer:

c. $ 98,000

Explanation:

The cost of goods manufactured is determined by adding the total manufacturing cost and adjusting it for the difference in work in process balances.

Direct Materials Used                                        $ 19,000

Direct Labor Used                                              $ 24.500

Factory Overhead                                              $ 55.100

Total manufacturing cost input                         $ 98,600

Add: Opening work in process                         $ 10.700

Less: Closing work in process                         $ (11,300)

Cost of goods manufactured                            $ 98,000