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3 years ago

Lopez Corporation incurred the following costs while manufacturing its product:

Business

1 answer:

mr Goodwill [35]3 years ago

6 0

Answer:

Cost of goods manufactured is $365,300

Explanation:

Particulars Amount $

Materials used in product 130,000

Labor costs of assembly-line workers 120,900

250,900

Factory overheads

Depreciation on plant 64,500

Property taxes on plant 20,000

Factory supplies used 32,600

Add Work In Progress 14,000

Less: Work In Progress -16,700 114,400

Cost of goods manufactured $365,300

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