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Bess [88]
3 years ago
14

Raynor Company has the following data:

Business
1 answer:
Svet_ta [14]3 years ago
5 0

Answer:

<u>The cost of goods manufactured.                    $ 205,000  </u>

Explanation:

Raynor Company

<u>The Cost of Goods Manufactured Statement </u>

                                                                            $

Direct labor                                                         76,000

Direct materials used                                        84,000

<u>Total manufacturing overhead                         60,000 </u>

Total Manufacturing Costs                              $ 220,000

Add Beginning work in process                         30,000

<u>Less Ending work in process                             45,000 </u>

<u>The cost of goods manufactured.                    $ 205,000  </u>

<u />

The cost of goods manufactured gives an estimate of the costs incurred in a given period . It includes total manufacturing costs and beginning work in process . The ending work in process is deducted from it .

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