Rediger Inc. a manufacturing company, has provided the following data for the mo
ID: 2503186 • Letter: R
Question
Rediger Inc. a manufacturing company, has provided the following data for the month of June. The balance in the Work in Process inventory account was $22,000 at the beginning of the month and $17,000 at the end of the month. During the month, the company incurred direct materials cost of $55,000 and direct labor cost of $28,000. The actual manufacturing overhead cost incurred was $53,000. The manufacturing overhead cost applied to jobs was $51,000. The cost of goods manufactured for June was:
a. $141,000
b. $139,000
c. $134,000
d. $136,000
Explanation / Answer
Rediger Inc., a manufacturing company, has provided the following data for the month of June. The balance in the Work in Process inventory account was $22,000 at the beginning of the month and $17,000 at the end of the month. During the month, the company incurred direct materials cost of $55,000 and direct labor cost of $28,000. The actual manufacturing overhead cost incurred was $53,000. The manufacturing overhead cost applied to Work in Process was $51,000. The cost of goods manufactured for June was:
A) $141,000
B) $139,000-------------answer
C) $134,000
D) $136,000
Work in Process
Bal.
22,000
COGM
139,000*
Direct material
55,000
Direct labor
28,000
Applied manufacturing overhead
51,000
Bal.
17,000
*$22,000 + $55,000 + $28,000 + $51,000
Work in Process
Bal.
22,000
COGM
139,000*
Direct material
55,000
Direct labor
28,000
Applied manufacturing overhead
51,000
Bal.
17,000
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