Durphey Corporation has provided the following data concerning last month's operations. How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured?
A) $176,000
B) $172,000
C) $152,000
D) $224,000

Question

Durphey Corporation has provided the following data concerning last month's operations.  How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured?
A) $176,000 
B) $172,000 
C) $152,000 
D) $224,000

Quizplus · Accepted Answer

The total manufacturing cost for the month can be calculated by adding the beginning work in process inventory to the total manufacturing costs incurred during the month and subtracting the ending work in process inventory.

Beginning WIP Inventory = $32,000 
Direct Materials Used = $52,000 
Direct Labor = $40,000 
Manufacturing Overhead = $48,000 
Total Current Manufacturing Costs = $140,000 
Ending WIP Inventory = $12,000

$32,000 + $140,000 - $12,000 = $172,000

Therefore, the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured is $172,000.

Durphey Corporation Has Provided the Following Data Concerning Last Month's