Answer:
1. $84,200
2. $224,950
3. $226,050
Explanation:
The computations are shown below:
1. Cost of the direct materials used would be
= Beginning Raw materials inventory balance + raw materials purchases - ending Raw materials inventory balance
= $40,000 + $64,000 -$19,800
= $84,200
2. Cost of goods manufactured would be
= Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work-in-process inventory - ending work-in-process inventory
= $84,200 + $43,500 + $108,750 + $21,000 - $32,500
= $224,950
3. Cost of goods sold would be
= Beginning Inventory + Cost of goods manufactured - Ending Inventory
= $23,200 + $ 224,950 - $22,100
= $226,050
