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Vika [28.1K]
3 years ago
6

The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used $45,000 Direct lab

or costs 48,000 Factory overhead 39,000 Work in process, beginning 18,000 Work in process, ending 28,000 1. What is the cost of goods manufactured?a. $178,000 b. $132,000 c. $122,000 d. $142,000
Business
1 answer:
Nadusha1986 [10]3 years ago
8 0

Answer:

Tthe cost of goods manufactured is c. $122,000

Explanation:

The cost of goods manufactured = The beginning of work in process + Cost of materials used + Direct labor costs + Factory overhead - The ending of work in process.

Gunner Manufacturing has the financial records: Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, beginning 18,000 Work in process, ending 28,000.

Therefore,

The cost of goods manufactured = $18,000 + $45,000 + $48,000 + $39,000 - $28,000 = $122,000

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