Checker Clackers, Inc. manufactures clackers. Checker\'s transactions and accoun

Question

Checker Clackers, Inc. manufactures clackers. Checker's transactions and accounts included the following during June:

Raw materials inventory, beginning $1,200

Raw materials inventory, ending 1,400

Work in process inventory, beginning 7,100

Work in process inventory, ending 6,800

Raw materials acquired 27,800

Cost of direct materials used in production 27,600

Sales commissions to sell clackers 2,100

Direct labor cost 20,000

Total manufacturing overhead 28,900

How much is cost of goods manufactured for June?

Explanation / Answer

Cost of goods manufactured in June:
Cost of direct material used in production+ Direct Labor+ Manufacturing Overhead+ (Work in process beginning- Work in process Ending)
27600+ 20000+ 28900+(7100-6800)
= 76800

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