Marigold Corp. developed the following data for the current year: Beginning work in process inventory $310000 Direct materials used 204000 Actual overhead 348000 Overhead applied 276000 Cost of goods manufactured 324000 Total manufacturing costs 910000 Marigold Corp.'s ending work in process inventory is $896000. $276000. $600000. $586000.
Marigold Corp. developed the following data for the current year: Beginning work in process inventory $310000 Direct materials used 204000 Actual overhead 348000 Overhead applied 276000 Cost of goods manufactured 324000 Total manufacturing costs 910000 Marigold Corp.'s ending work in process inventory is $896000. $276000. $600000. $586000.
Chapter5: Process Costing
Section: Chapter Questions
Problem 5EA: A company has 1,500 units in ending work in process that are 30% complete after transferring out...
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Question
Marigold Corp. developed the following data for the current year:
Beginning work in process inventory | $310000 |
Direct materials used | 204000 |
Actual overhead | 348000 |
Overhead applied | 276000 |
Cost of goods manufactured | 324000 |
Total |
910000 |
Marigold Corp.'s ending work in process inventory is
$896000.
$276000.
$600000.
$586000.
Expert Solution
Step 1
Total manufacturing cost + Beginning WIP - Ending WIP = Cost of Goods manufactured
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