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.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Frankin Corporation has provided the following data concerning last month’s operations. Purchases of raw materials............................................ $26,000...
Frankin Corporation has provided the following data concerning last month’s operations. Purchases of raw materials............................................ $26,000 Indirect materials included in manufacturing overhead $6,000 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 $66,000 How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured? A) $175,000 B) $221,000 C) $155,000 D) $169,000
1. Boursaw Corporation has provided the following data concerning last month’s operations. Purchases of raw materials...
1. Boursaw 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 $ 78,000 Underapplied overhead $ 5,000 Beginning Ending Raw materials inventory $ 10,000 $ 15,000 Work in process inventory $ 56,000 $ 72,000 Finished goods inventory $ 41,000 $ 49,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of...
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
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,860 Direct labor $ 58,500 Manufacturing overhead applied to work in process $ 87,200 Underapplied overhead $ 4,160 Inventories Beginning Ending Raw materials $ 10,800 $ 18,200 Work in process $ 55,500 $ 66,800 Finished goods $ 33,700 $ 42,600 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials included in manufacturing overhead $ 4,800 Direct labor $ 58,400 Manufacturing overhead applied to work in process $ 88,200 Underapplied overhead $ 4,160 Inventories Beginning Ending Raw materials $ 10,300 $ 18,600 Work in process $ 54,700 $ 68,800 Finished goods $ 34,600 $ 42,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,640 Direct labor $ 59,200 Manufacturing overhead applied to work in process $ 88,000 Underapplied overhead $ 4,110 Inventories Beginning Ending Raw materials $ 11,400 $ 19,600 Work in process $ 54,200 $ 66,600 Finished goods $ 33,200 $ 42,100 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,680 Direct labor $ 59,300 Manufacturing overhead applied to work in process $ 88,400 Underapplied overhead $ 4,150 Inventories Beginning Ending Raw materials $ 10,700 $ 19,600 Work in process $ 54,100 $ 65,200 Finished goods $ 34,100 $ 42,800 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,940 Direct labor $ 58,600 Manufacturing overhead applied to work in process $ 87,000 Underapplied overhead $ 4,120 Inventories Beginning Ending Raw materials $ 11,900 $ 18,400 Work in process $ 55,200 $ 65,900 Finished goods $ 34,900 $ 42,300 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 32,000 Indirect materials used in production $ 4,550 Direct labor $ 59,800 Manufacturing overhead applied to work in process $ 88,900 Underapplied overhead $ 4,030 Inventories Beginning Ending Raw materials $ 11,800 $ 19,900 Work in process $ 54,100 $ 68,100 Finished goods $ 33,900 $ 43,500 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a...
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials...
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 26,600 $ 22,600 Work in process $ 18,600 $ 11,600 Finished Goods $ 49,600 $ 57,600 Additional information: Raw materials purchases $ 73,600 Direct labor cost $ 93,600 Manufacturing overhead cost incurred $ 43,760 Indirect materials included in manufacturing overhead cost incurred $ 4,160 Manufacturing overhead cost applied to Work in Process $ 42,600 Any underapplied or overapplied manufacturing overhead is closed out...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT