If the beginning work in process inventory is $93,000, direct materials cost is $275,500, direct labor cost is $196,000, factory overhead is $310,000, and ending work in process inventory is $28,500, calculate the cost of goods manufactured. a. $745,500 b. $846,000 c. $874,500 d. $903,000

If the beginning work in process inventory is $93,000, direct materials cost is $275,500, direct labor cost is $196,000, factory overhead is $310,000, and ending work in process inventory is $28,500, calculate the cost of goods manufactured. a. $745,500 b. $846,000 c. $874,500 d. $903,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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Question

I am searching for the correct answer to this general accounting problem with proper accounting rules.

If the beginning work in process inventory is $93,000, direct
materials cost is $275,500, direct labor cost is $196,000, factory
overhead is $310,000, and ending work in process inventory is
$28,500, calculate the cost of goods manufactured.
a. $745,500
b. $846,000
c. $874,500
d. $903,000

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