ABC Manufacturing Company had the following account balances for the quarter ending March 31: Work-in-process inventory (January 1) Work-in-process inventory (March 31) Finished goods inventory (January 1) Finished goods inventory (March 31) Direct materials used Indirect materials used Direct manufacturing labor Indirect manufacturing labor Property taxes on manufacturing plant building Salespersons' company vehicle costs Depreciation of manufacturing equipment Depreciation of office equipment Miscellaneous plant overhead Plant utilities General office expenses Marketing distribution costs What is the cost of goods manufactured? $140,400 $170,000 $540,000 $510,000 $420,000 $84,000 $480,000 $186,000 $28,800 $12,000 $264,000 $123,600 $135,000 $92,400 $305,400 $30,000

ABC Manufacturing Company had the following account balances for the quarter ending March 31: Work-in-process inventory (January 1) Work-in-process inventory (March 31) Finished goods inventory (January 1) Finished goods inventory (March 31) Direct materials used Indirect materials used Direct manufacturing labor Indirect manufacturing labor Property taxes on manufacturing plant building Salespersons' company vehicle costs Depreciation of manufacturing equipment Depreciation of office equipment Miscellaneous plant overhead Plant utilities General office expenses Marketing distribution costs What is the cost of goods manufactured? $140,400 $170,000 $540,000 $510,000 $420,000 $84,000 $480,000 $186,000 $28,800 $12,000 $264,000 $123,600 $135,000 $92,400 $305,400 $30,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 4PA: During March, the following costs were charged to the manufacturing department: $14886 for...

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