Disc Golf manufacturer, Throw-it-Far Inc is working on completing their accounting information for August Inventories: August 1 August 31 Raw material $15,000 $18,000 Work in process 6,000 9,000 Finished goods 36,000 27,000 Additional information for December:     Raw material purchased $42,000   Direct labor hours 5,000   Direct labor rate per hour 7.50   Overhead rate per direct labor hour 10.00         For December, Cost of Goods Manufactured was Group of answer choices $118,000. $109,000. $112,000. $117,500

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Disc Golf manufacturer, Throw-it-Far Inc is working on completing their accounting information for August

Inventories:
August 1
August 31
Raw material
$15,000
$18,000
Work in process
6,000
9,000
Finished goods
36,000
27,000
Additional information for December:    
Raw material purchased
$42,000
 
Direct labor hours
5,000
 
Direct labor rate per hour
7.50
 
Overhead rate per direct labor hour
10.00
 
     


For December, Cost of Goods Manufactured was

Group of answer choices
$118,000.
$109,000.
$112,000.
$117,500
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calculation of cost of goods manufactured are as follows

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