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Assume the following from a schedule of cost of goods manufactured (the company uses no indirect materials in production): $ 10,000 $ 14,000 $ 3,000 $ 6,000 $ 38,000 $ 17,000 Actual manufacturing overhead costs incurred $ 34,000 Manufacturing overhead applied to production$ 32,000 Beginning work in process inventory Ending work in process inventory Beginning raw materials inventory Ending raw materials inventory Purchases of raw materials Direct labor What is the cost of goods manufactured?

Assume the following from a schedule of cost of goods manufactured (the company uses no indirect materials in production): $ 10,000 $ 14,000 $ 3,000 $ 6,000 $ 38,000 $ 17,000 Actual manufacturing overhead costs incurred $ 34,000 Manufacturing overhead applied to production$ 32,000 Beginning work in process inventory Ending work in process inventory Beginning raw materials inventory Ending raw materials inventory Purchases of raw materials Direct labor What is the cost of goods manufactured?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Multiple Choice $82,000 $84,000 $78,000 $80,000
Transcribed Image Text:Multiple Choice $82,000 $84,000 $78,000 $80,000
Assume the following from a schedule of cost of goods manufactured (the company uses no indirect materials in production): $ 10,000 $ 14,000 $ 3,000 Beginning work in process inventory Ending work in process inventory Beginning raw materials inventory Ending raw materials inventory Purchases of raw materials Direct labor $ 6,000 $ 38,000 $ 17,000 Actual manufacturing overhead costs incurred$ 34,000 Manufacturing overhead applied to production$ 32,000 What is the cost of goods manufactured?
Transcribed Image Text:Assume the following from a schedule of cost of goods manufactured (the company uses no indirect materials in production): $ 10,000 $ 14,000 $ 3,000 Beginning work in process inventory Ending work in process inventory Beginning raw materials inventory Ending raw materials inventory Purchases of raw materials Direct labor $ 6,000 $ 38,000 $ 17,000 Actual manufacturing overhead costs incurred$ 34,000 Manufacturing overhead applied to production$ 32,000 What is the cost of goods manufactured?
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