Disc Golf manufacturer, Throw-it-Far Inc is working on completing their accounting information for AugustInventories:August 1August 31Raw material$15,000$18,000Work in process6,0009,000Finished goods36,00027,000Additional information for December: Raw material purchased$42,000 Direct labor hours5,000 Direct labor rate per hour7.50 Overhead rate per direct labor hour10.00 For December, Cost of Goods Manufactured wasGroup of answer choices$118,000.$109,000.$112,000.$117,500

calculation of cost of goods manufactured are as follows

Answered: Disc Golf manufacturer, Throw-it-Far…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...

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Disc Golf manufacturer, Throw-it-Far Inc is working on completing their accounting information for August

Inventories:	August 1	August 31
Raw material	$15,000	$18,000
Work in process	6,000	9,000
Finished goods	36,000	27,000
Additional information for December:
Raw material purchased	$42,000
Direct labor hours	5,000
Direct labor rate per hour	7.50
Overhead rate per direct labor hour	10.00

For December, Cost of Goods Manufactured was

Group of answer choices

$118,000.

$109,000.

$112,000.

$117,500

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