Given the following data for Carla Vista Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: Direct materials used Direct labor (A) $940000 Manufacturing overhead 320000 Operating expenses $920000 Beginning work in process $40000 Ending work in process Beginning finished goods 420000 Ending finished goods $940000 $350000 270000 (B) $960000 $960000 $920000 20000 50000 30000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Given the following data for Carla Vista Company, compute (A) total manufacturing costs and (B) costs of goods manufactured:
Direct materials used
Direct labor
Manufacturing overhead
Operating expenses
O
(A)
$940000
$920000
$940000
$960000
$350000
Beginning work in process $40000
Ending work in process
Beginning finished goods
420000 Ending finished goods
(B)
270000
320000
$960000
$960000
$920000
$980000
20000
50000
30000
Transcribed Image Text:Given the following data for Carla Vista Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: Direct materials used Direct labor Manufacturing overhead Operating expenses O (A) $940000 $920000 $940000 $960000 $350000 Beginning work in process $40000 Ending work in process Beginning finished goods 420000 Ending finished goods (B) 270000 320000 $960000 $960000 $920000 $980000 20000 50000 30000
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