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

Question

Business

Brielle Maxwell

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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Answers (1)

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Trystan Bean · Answer 1

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

Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year:Direct materials used $ 19,000Direct labor used 24,500Factory overhead 55,100Beginning work in process inventory 10,700Ending work in process inventory 11,300

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