Current information for the Healey Company follows:
Beginning raw materials inventory | $ | 14,500 | |
Raw material purchases | 53,000 | ||
Ending raw materials inventory | 15,900 | ||
Beginning work in process inventory | 21,700 | ||
Ending work in process inventory | 27,300 | ||
Direct labor | 39,300 | ||
Total factory overhead | 29,300 | ||
All raw materials used were traceable to specific units of product.
Healey Company's total manufacturing costs for the year are:
Raw Material used | $ 51,600 | ||||
Direct Labor | 39,300 | ||||
Total factory overhead | 29,300 | ||||
Total manufacturing costs for the year | $ 1,20,200 | ||||
Working: | |||||
Beginning raw material | $ 14,500 | ||||
Add:Raw material purchases | $ 53,000 | ||||
Less:Ending Raw material | $ 15,900 | ||||
Raw Materials used | $ 51,600 | ||||
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