Karmon Audio, Inc. manufactures speakers. During March, Karmon\'s transactions a

Question

Karmon Audio, Inc. manufactures speakers. During March, Karmon's transactions and accounts included the following: Raw materials acquired for cash $82,500 Cost of direct materials used in production 81,900 Costs to ship products to customers 1,000 Direct labor cost incurred 41,000 Total manufacturing overhead incurred 25,000 Raw materials inventory, beginning 3,500 Raw materials inventory, ending 3,600 Work in process inventory, beginning 12,000 Work in process inventory, ending 14,200 How much is cost of goods manufactured for March? $147,900 $146,300 $146,700 $145,700

Explanation / Answer

Option D - $145700 Amount in$ Cost of direct materials used in production 81900 Direct labour cost incurred 41000 Manufacturing overhead Total manufacturing overhead incurred 25000 Total manufacturing cost Add:Work in process inventory, beginning 12000 Less: Work in process inventory, ending -14200 Cost of goods manufactured 145700

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