Question

Current information for the Stellar Corporation follows: Beginning work in process inventory $ 17,900 Ending work in process inventory 19,300 Direct materials used 147,000 Direct labor used 85,000 Total factory overhead 63,100 Stellar Corporation's cost of goods manufactured for the year is:

Answer 1

Answer:

The right answer is "$293700".

Explanation:

The given values are:

Direct material,

= $147000

Direct labor,

= $85000

Total factory overhead,

= $63100

Beginning work,

= $17900

Ending work,

= $19300

now,

The total manufacturing cost will be:

= $Direct \ material +Direct \ labor+Total \ factory \ overhead$

= $147000+85000+63100$

= $295100$ ($)

hence,

The costs of goods manufactured will be:

= $Manufacturing \ cost+Beginning \ work-Ending \ work$

= $295100+17900-19300$

= $313000-19300$

= $293700$ ($)