Question

Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $24,000 at the beginning of the month and $18,000 at the end of the month. During the month, the Corporation incurred direct materials cost of $55,400 and direct labor cost of $28,600. The actual manufacturing overhead cost incurred was $53,200. The manufacturing overhead cost applied to Work in Process was $51,400. The cost of goods manufactured for June was:

Answer 1

Answer:

$143,200

Explanation:

Given that,

Work in process inventory at the beginning = $24,000

Direct material = $55,400

Direct labor = $28,600

Applied manufacturing overhead = $53,200

Work in process inventory at the end = $18,000

Cost of goods manufactured for June:

= Work in process inventory at the beginning + Direct material + Direct labor + Applied manufacturing overhead - Work in process inventory at the end

= $24,000 + $55,400 + $28,600 + $53,200 - $18,000

= $143,200