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17 December, 03:28

Youngstown Rubber reports the following data for its first year of operation. Direct materials used: $710,000Cost of goods manufactured: 680,000Finished goods inventory, ending: 190,000Finished goods inventory, beginning: 0Manufacturing overhead: 100,000Work in process inventory, beginning: 0Work in process inventory, ending: 130,000What are the total manufacturing costs to account for?

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  1. 17 December, 03:49
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    Total manufacturing costs = 810,000

    Explanation:

    Giving the following information:

    Direct materials used: $710,000

    Cost of goods manufactured: 680,000

    Finished goods inventory, ending: 190,000

    Finished goods inventory, beginning: 0

    Manufacturing overhead: 100,000

    Work in process inventory, beginning: 0

    Work in process inventory, ending: 130,000

    Total manufacturing costs = direct material + direct labor + manufacturing overhead

    Total manufacturing costs = 710,000 + 0 + 100,000 = 810,000
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