Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year:

$\begin{array}{lr}
\text { Direct materials used } & \$ 19,000 \
\text { Direct labor used } & 24,500 \
\text { Factory overhead } & 55,100 \
\text { Beginning work in process inventory } & 10,700 \
\text { Ending work in process inventory } & 11,300
\end{array}$
A) $98,600.
B) $43,500.
C) $98,000.
D) $42,900.
E) $79,000.

Question

Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year:

$\begin{array}{lr}
\text { Direct materials used } & \$ 19,000 \
\text { Direct labor used } & 24,500 \
\text { Factory overhead } & 55,100 \
\text { Beginning work in process inventory } & 10,700 \
\text { Ending work in process inventory } & 11,300
\end{array}$
A) $98,600.
B) $43,500.
C) $98,000.
D) $42,900.
E) $79,000.

Quizplus · Accepted Answer

The cost of goods manufactured is calculated as: Direct materials used + Direct labor used + Factory overhead + Beginning work in process inventory - Ending work in process inventory = $19,000 + $24,500 + $55,100 + $10,700 - $11,300 = $98,000.

Use the Cost Information Below for Sundar Company to Determine