Question

# 1.) If the cost of the beginning work in process inventory is \$56,000, direct materials cost...

1.) If the cost of the beginning work in process inventory is \$56,000, direct materials cost is \$346,000, direct labor cost is \$212,000, and overhead cost is \$315,000, and the ending work in process inventory is \$51,000, calculate the cost of goods manufactured:

\$980,000.

\$563,000.

\$873,000.

\$878,000.

\$929,000.

2.)

 Using the information below for Laurels Company; determine the manufacturing costs added during the current year:

 Direct materials used \$ 6,900 Direct labor 8,900 Total Factory overhead 7,000 Beginning work in process 4,900 Ending work in process 7,800

\$22,800.

\$19,300.

\$19,900.

\$15,800.

\$25,700.

3.)

Using the information below for Sundar Company; determine the total manufacturing costs added during the current year:

 Direct materials used \$19,200 Direct labor used 24,700 Factory overhead 54,100 Beginning work in process 10,900 Ending work in process 11,500

\$98,000.

\$43,900.

\$97,400.

\$43,300.

\$78,200.

4.)

Craigmont Company's direct materials costs are \$3,900,000, its direct labor costs total \$7,810,000, and its factory overhead costs total \$5,810,000. Its conversion costs total:

\$11,710,000.

\$9,710,000.

\$13,620,000.

\$5,900,000.

\$17,520,000.

the cost of goods manufactured

cost of goods manufactured is the costs of: direct materials used + direct labor used + manufacturing overhead assigned = the manufacturing costs incurred in the current accounting period + beginning work-in-process inventory - ending work-in-process inventory.

346000+212000+ 315000+56000-51000=878000

manufacturing costs added during the current year:

6900+8900+7000+4900-7800= 19900

the total manufacturing costs added during the current year:

Direct materials used\$19,200+Direct labor used24,700+Factory overhead54,100+Beginning work in process10,900 -Ending work in process11,500= 97400

conversion costs

Conversion costs are the combination of direct labor costs plus manufacturing overhead costs.

7810000+5810000= 13620000