Answer:
Total cost of goods manufactured = $113,645
Explanation:
As for the information provided:
Opening Work in Process = Direct materials + Labor + Overheads
= $2,300 + $6,966 + $10,076 = $19,342
Adding all the cost for the period
Raw material = $39,800 used in production
Direct labor cost = $25,010
Overheads to be applied on predetermined rate = 2,400 $19.40 = $46,560
Total cost incurred including beginning work in process = $130,712
Less: Closing Work in process = $17,067
Total cost of goods manufactured = $113,645