Question
Frankin Corporation has provided the following data concerning last month’s operations. Purchases of raw materials $...
Frankin Corporation has provided the following data concerning last month’s operations.
| Purchases of raw materials | $ | 26,000 |
| Direct materials used | $ | 20,000 |
| Direct labor cost | $ | 58,000 |
| Manufacturing overhead applied to Work in Process | $ | 97,000 |
| Beginning | Ending | |||||
| Raw materials inventory | $ | 11,000 | $ | 17,000 | ||
| Work in process inventory | $ | 52,000 | $ | 65,000 | ||
How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured?
Multiple Choice
-
$169,000
-
$155,000
-
$162,000
-
$168,000
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Answer #1
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