Question

unland Company has the following data: direct labor $238,000, direct materials used $199,000, total manufacturing overhead $248,000, and beginning work in process $36,000. (a) Your answer is correct. Compute total manufacturing costs. Total manufacturing costs $ SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 2 used (b) Compute total cost of work in process.

Answer 1

Answer:

(a) Total manufacturing costs = $685,000

(b) Total cost of work in process = $721,000

Explanation:

(a) Compute total manufacturing costs.

Total manufacturing cost can be described as the total cost that a manufacturing company incurred within a reporting period to produce goods.  This can be computed using the information provided in the question as follows:

Total manufacturing cost = Direct materials used + Direct Labor + Total manufacturing overhead = $199,000 + $238,000 + $248,000 = $685,000

(b) Compute total cost of work in process.

Total cost of work in process refers to the aggregate cost of partially completed goods. This can be computed using the information provided in the question as follows:

Total cost of work in process = Beginning work in process + Total manufacturing costs = $36,000 + $685,000 = $721,000