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22 October, 10:48

Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year:

Direct materials used $ 19,000

Direct labor used 24,500

Factory overhead 55,100

Beginning work in process inventory 10,700

Ending work in process inventory 11,300

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  1. 22 October, 12:21
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    The cost of goods manufactured during the current year was $98,000

    Explanation:

    The manufacturing costs incurred during the current year = Direct materials cost + Direct labor cost + Factory overhead = $19,000 + $24,500 + $55,100 = $98,600

    The cost of goods manufactured during the current year = Beginning work in process inventory + The manufacturing costs incurred during the current year - Ending work in process inventory = $10,700 + $98,600 - $11,300 = $98,000
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