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

Quizplus · Accepted Answer

The cost of goods manufactured can be calculated as follows:

Beginning WIP inventory: $15,600
+ Total manufacturing costs:
 Direct materials used: $26,400
 Direct labor: $37,200
 Factory overhead: $24,000
= Total manufacturing costs: $87,600
- Ending WIP inventory: $6,600
= Cost of goods manufactured: $96,600

Therefore, the best choice is C, $96,600.

Use the Following Data to Determine the Cost of Goods