The following partially completed T-accounts summarize last year's transactions for Kelshaw Company:At the end of the year, the company closes out the balance in the Manufacturing Overhead account to Cost of Goods Sold.
-What is the total manufacturing cost for the year?
A) $27,000
B) $50,000
C) $55,000
D) $63,000

Question

The following partially completed T-accounts summarize last year's transactions for Kelshaw Company:At the end of the year, the company closes out the balance in the Manufacturing Overhead account to Cost of Goods Sold.
-What is the total manufacturing cost for the year?
A) $27,000 
B) $50,000 
C) $55,000 
D) $63,000

Quizplus · Accepted Answer

Total manufacturing cost = Direct materials + Direct labor + Manufacturing overhead = $20,000 + $25,000 + $10,000 = $55,000

The Following Partially Completed T-Accounts Summarize Last Year's Transactions for Kelshaw