Desrevisseau Inc., a manufacturing company, has provided the following data for

Question

Desrevisseau Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in Process inventory account was $7,000 at the beginning of the month and $19,000 at the end of the month. During the month, the company incurred direct materials cost of $57,000 and direct labor cost of $33,000. The actual manufacturing overhead cost incurred was $34,000. The manufacturing overhead cost applied to Work in Process was $37,000. The cost of goods manufactured for August was: $112,000 $124,000 $115,000 $127,000

Explanation / Answer

Cost of goods manufactured = Opening WIP + Manufacturing cost incurred - closing WIP

= 7000 + 57000 + 33000 +34000 - 19000

= $112000

Thus answer will be $112000

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