Question
Hunkins Corporation has provided the following data concerning last month’s operations. Purchases of raw materials $...
Hunkins Corporation has provided the following data concerning last month’s operations.
| Purchases of raw materials | $ | 33,000 |
| Indirect materials included in manufacturing overhead | $ | 4,000 |
| Direct labor cost | $ | 58,000 |
| Manufacturing overhead applied to Work in Process | $ | 91,000 |
| Beginning | Ending | |||
| Raw materials inventory | $ | 14,000 | $ | 20,000 |
| Work in process inventory | $ | 57,000 | $ | 70,000 |
How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured?
A- $229,000
B- $172,000
C- $159,000
D- $176,000
Homework Answers
Answer #1
Calculation of Total Manufacturing Costs:
Therefore, the correct option is B - $172,000.
Note: Indirect materials needs to be deducted because they were already included in the Manufacturing Overheads.
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