Question

Using the information below for Singing Dolls, Inc., determine the total manufacturing costs incurred during the year: Work in Process, January 1 $ 50,600 Work in Process, December 31 37,300 Direct materials used 12,800 Total Factory overhead 5,800 Direct labor used 26,800 Multiple Choice $96,000. $13,300. $58,700. $45,400. $90,200.

Answer 1

Answer:

$45,400.

Explanation:

The cost for the year will be the sum of the three main cost component:

the direct materials added

the factory overhead applied

and the direct labor cost

Cost Incurred during the year:

direct materials 12,800

factory overhead 5,800

Direct labor 26,800

Total cost added (or ncurred) during the month: 45,400

Beginning WIP                                                        50,600

Total cost to be accounted for                               96,000

Ending      WIP                                                        (37,300)

Cost of goods transferred out                                58,700