Given the following data: Work in process, beginning Work in process, ending Direct labor costs Cost of goods manufactured Factory overhead Direct materials used is O a. $4,000 Ob. $8,000 O c. c. $14,000 $14,000 20,000 4,000 8,000 8,000

Given the following data: Work in process, beginning Work in process, ending Direct labor costs Cost of goods manufactured Factory overhead Direct materials used is O a. $4,000 Ob. $8,000 O c. c. $14,000 $14,000 20,000 4,000 8,000 8,000

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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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Given the following data:
Work in process, beginning
Work in process, ending
Direct labor costs
Cost of goods manufactured
Factory overhead
Direct materials used is
O a. $4,000
Ob. $8,000
Oc. $14,000
C.
O d. $2,000
$14,000
20,000
4,000
8,000
8,000

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