A company has provided the following cost data for its most recent acc.docx
A company has provided the following cost data for its most recent accounting period: Direct labor $98000 Administrative expenses $15,000 Manufacturing overhead $25,000 Direct materials $200,000 Selling expense $22,000 What was the cost of goods manufactured for the period? Assume there were no beginning or ending inventories. $303,000 $323,000 $338,000 $360,000 Solution +) Beginning Balance of Inventory = 0 (+) Direct Materials =200000 (+) Direct Labor = 98000 (+) Manufacturing Overhead = 25000 (–) Ending Balance of Inventory = 0 (=) Cost of Goods Manufactured =323000 .
A company has provided the following cost data for its most recent acc.docx
A company has provided the following cost data for its most recent accounting period: Direct labor $98000 Administrative expenses $15,000 Manufacturing overhead $25,000 Direct materials $200,000 Selling expense $22,000 What was the cost of goods manufactured for the period? Assume there were no beginning or ending inventories. $303,000 $323,000 $338,000 $360,000 Solution +) Beginning Balance of Inventory = 0 (+) Direct Materials =200000 (+) Direct Labor = 98000 (+) Manufacturing Overhead = 25000 (–) Ending Balance of Inventory = 0 (=) Cost of Goods Manufactured =323000 .
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A company has provided the following cost data for its most recent acc.docx
- 1. A company has provided the following cost data for its most recent accounting period: Direct labor $98000 Administrative expenses $15,000 Manufacturing overhead $25,000 Direct materials $200,000 Selling expense $22,000 What was the cost of goods manufactured for the period? Assume there were no beginning or ending inventories. $303,000 $323,000 $338,000 $360,000 Solution +) Beginning Balance of Inventory = 0 (+) Direct Materials =200000 (+) Direct Labor = 98000 (+) Manufacturing Overhead = 25000 (–) Ending Balance of Inventory = 0 (=) Cost of Goods Manufactured =323000 +) Beginning Balance of Inventory = 0 (+) Direct Materials =200000 (+) Direct Labor = 98000 (+) Manufacturing Overhead = 25000 (–) Ending Balance of Inventory = 0 (=) Cost of Goods Manufactured =323000