For Case (C)above,what is the Transferred-In (TI)?
A)$146,700.
B)$178,400.
C)$190,790.
D)$185,400.

Question

For Case (C)above,what is the Transferred-In (TI)?
A)$146,700. 
B)$178,400. 
C)$190,790. 
D)$185,400.

Quizplus · Accepted Answer

To find the Transferred-In (TI), we need to subtract the Total Cost of Goods Manufactured (TCGM) from the Cost of Goods Sold (COGS).

COGS = $347,300
TCGM = $161,900 (direct materials $41,200 + direct labor $57,700 + manufacturing overhead $62,000 + beginning WIP $4,500 - ending WIP $4,500)
TI = COGS - TCGM = $347,300 - $161,900 = $185,400

Therefore, the correct answer is D.

For Case (C)above,what Is the Transferred-In (TI)