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 $12,000 at the beginning of the month and $26,800 at the end of the month. During the month, the company incurred direct materials cost of $75,800 and direct labor cost of $47,000.he actual manufacturing overhead cost incurred was $48,000. The manufacturing overhead cost applied to jobs was $51,000. The cost of goods manufactured for August was:

$159,000

$173,800

$156,000

$170,800

Explanation / Answer

Cost of goods manufactured for August Month August Direct Material cost $75,800.00 Direct Labour cost $47,000.00 Manufacturing overhead cost $51,000.00 Total cost for the month $1,73,800.00 (+) Opening Work In process $12,000.00 (-) Ending work in process $26,800.00 Cost of goods manufactured $1,59,000.00 (-) Adjustment for overapplied Mfg overheads $3,000.00 Actual cost of goods manufactured during August $1,56,000.00

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