al Exam Help Save MC Qu. 162 Use the following data to determine... Use the foll

Question

al Exam Help Save MC Qu. 162 Use the following data to determine... Use the following data to determine the cost of goods manufactured 11,500 31,300 7,900 14,200 1,200 9,700 7,000 10,200 14,200 8,200 Beginning finished goods inventory Direct labor Beginning work in process inventory General and administrative expenses Direct materials used Ending work in process inventory Indirect labor Ending finished goods inventory Indirect materials Depreciation-factory equipment Multiple Choice 105.000 4 5 8 9 w E

Explanation / Answer

Calculation for Cost of Goods Manufactured :-

Particulars Amount ($) Amount ($) Direct Materials 41200 Direct Labors 31300 Prime Cost 72500 Factory Overheads :- Indirect Materials 14200 Indirect Labors 7000 Depreciation 8200 Add : Beginning Stock of Work in Progress 7900 Less : Ending Stock of Work in Progress (9700) Works / Factory Cost 100100 Gerenal and Administrative Expense 14200 Add : Beginning Stock of Finished Goods 11500 Less : Ending Stock of Finished Goods (10200) Cost of Goods Manufactured 115600

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