During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory $ 45,000 Beginning finished goods inventory $ 190,000 Direct materials used in production $ 308,000 Direct labor $ 475,000 Manufacturing overhead incurred $ 250,000 Ending work-in-process inventory $ 67,000 Ending finished goods inventory $ 89,000 What is the cost of goods manufactured for the year? $1,112,000 $1,033,000 $1,011,000 $1,134,000
During the year, a manufacturing company had the following operating results: Beginning work-in-process inventory $ 45,000 Beginning finished goods inventory $ 190,000 Direct materials used in production $ 308,000 Direct labor $ 475,000 Manufacturing overhead incurred $ 250,000 Ending work-in-process inventory $ 67,000 Ending finished goods inventory $ 89,000 What is the cost of goods manufactured for the year? $1,112,000 $1,033,000 $1,011,000 $1,134,000
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 23E: Orinder Company provided the following information for the last calendar year: During the year,...
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During the year, a manufacturing company had the following operating results:
What is the cost of goods manufactured for the year?
Beginning work-in-process inventory | $ | 45,000 | |
Beginning finished goods inventory | $ | 190,000 | |
Direct materials used in production | $ | 308,000 | |
Direct labor | $ | 475,000 | |
Manufacturing overhead incurred | $ | 250,000 | |
Ending work-in-process inventory | $ | 67,000 | |
Ending finished goods inventory | $ | 89,000 |
$1,112,000
|
||
$1,033,000
|
||
$1,011,000
|
||
$1,134,000
|
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