Use the following data to determine the cost of goods manufactured.
A)$102,000.
B)$110,100.
C)$ 96,600.
D)$113,700.
E)$100,200.

Question

Use the following data to determine the cost of goods manufactured. 
A)$102,000. 
B)$110,100. 
C)$ 96,600. 
D)$113,700. 
E)$100,200.

Quizplus · Accepted Answer

Cost of Goods Manufactured = Direct Materials + Direct Labor + Factory Overhead + Beginning in Goods Process - Ending Goods in Process
Cost of Goods Manufactured = $40,500 + $30,600 + (Indirect Labor + Indirect Materials +Depreciation Factory Equipment) + $7,200 - $9,000
Cost of Goods Manufactured = $40,500 + $30,600 + $6,300 + $13,500 + $7,500 + $7,200 - $9,000 = $96,600

Use the Following Data to Determine the Cost of Goods