Question

The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process Inventory Beginning WIP 5,500 Direct materials 48,100 Direct labor 30,600 Applied Overhead 16,800 Total Manufacturing Costs 101,000 To Finished Goods ? Ending WIP 10,900 The cost of units transferred to finished goods is:

Answer 1

Answer:

The cost of units transferred to finished goods is: $90,100

Explanation:

Giving the following information:

Cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 5,500 + 48,100 + 30,600 + 16,800 - 10,900= $90,100

The cost of units transferred to finished goods is: 90100