Given the following data for Pharoah Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: Beginning work in process $40000 Ending work in process 20000 Beginning finished goods 50000 Direct materials used Direct labor Manufacturing overhead Operating expenses O (A) O O $800000 $310000 230000 280000 380000 Ending finished goods $820000 $800000 (B) $840000 $860000 $820000 $840000 $840000 30000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Given the following data for Pharoah Company, compute (A) total manufacturing costs and (B) costs of goods manufactured:
$310000
Beginning work in process $40000
230000
Ending work in process
20000
Beginning finished goods
50000
Ending finished goods
Direct materials used
Direct labor
Manufacturing overhead
Operating expenses
O
O
O
(A)
$820000
$840000
280000
$820000
380000
(B)
$800000
$860000
$800000 $840000
$840000
30000
Transcribed Image Text:Given the following data for Pharoah Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: $310000 Beginning work in process $40000 230000 Ending work in process 20000 Beginning finished goods 50000 Ending finished goods Direct materials used Direct labor Manufacturing overhead Operating expenses O O O (A) $820000 $840000 280000 $820000 380000 (B) $800000 $860000 $800000 $840000 $840000 30000
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