Answer:
(a) $190,000
(b) $635,000
(c) $625,000
Explanation:
(a) Cost of material Consumed:
= Opening Stock of material + Purchases - Closing Material
= $1,20,000 + $200,000 - $130,000
= $190,000
(b) Total Manufacturing cost:
= Direct Material + Direct labor + Overhead
= $190,000 + $120,000 + $325,000
= $635,000
(c) Cost of goods manufactured:
= Total Manufacturing cost + Work in progress Beginning - Work in progress End
= $635,000 + 80,000 - 90,000
= $625,000
