Sun Inc. has provided the following information:$ 60,00055,000Beginning Work-in-Process InventoryBeginning Raw Materials InventoryPurchases and Freight In of Raw MaterialsEnding Raw Materials Inventory315,00080,000Direct Labor70,000Depreciation-Plant and EquipmentPlant Utilities, Insurance, and Property Taxes25,00015,500Ending Work-in-Process InventorySelling and distribution overhead23,00040,000Calculate the cost of goods manufactured.a) $412,500b) $437,500c) $477,500d) $422,000

Inventory refers to the goods held by the business either for selling or for further production so…

Sun Inc. has provided the following information: $ 60,000 Beginning Work-in-Process Inventory Beginning Raw Materials Inventory Purchases and Freight In of Raw Materials Ending Raw Materials Inventory Direct Labor 55,000 315,000 80,000 70,000 25,000 Depreciation-Plant and Equipment Plant Utilities, Insurance, and Property Taxes Ending Work-in-Process Inventory Selling and distribution overhead 15,500 23,000 40,000 Calculate the cost of goods manufactured. a) $412,500 b) $437,500 c) $477,500 d) $422 000

Sun Inc. has provided the following information: $ 60,000 Beginning Work-in-Process Inventory Beginning Raw Materials Inventory Purchases and Freight In of Raw Materials Ending Raw Materials Inventory Direct Labor 55,000 315,000 80,000 70,000 25,000 Depreciation-Plant and Equipment Plant Utilities, Insurance, and Property Taxes Ending Work-in-Process Inventory Selling and distribution overhead 15,500 23,000 40,000 Calculate the cost of goods manufactured. a) $412,500 b) $437,500 c) $477,500 d) $422 000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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