Ask Question
13 December, 22:00

Karmon audio, inc. manufactures speakers. during march, karmons 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?

+2
Answers (1)
  1. 13 December, 22:21
    0
    Given:

    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

    Total Manufacturing Cost

    Cost of Direct Materials used in production 81,900

    Direct labor cost incurred 41,000

    Total manufacturing overhead incurred 25,000

    Sum total 147,900

    Cost of Goods Manufactured:

    Total Manufacturing Cost 147,900

    Add: Beginning Work in process inventory 12,000

    Deduct: Ending Work in process inventory - 14,200

    Cost of Goods Manufactured: 145,700
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Karmon audio, inc. manufactures speakers. during march, karmons transactions and accounts included the following: raw materials acquired ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers