Karmon Audio, Inc. manufactures speakers. During March, Karmon's transactions and accounts included the following: Raw materials acquired for cash $82.500 Cost of direct materials used in production 81.900 Costs to ship products to customers 1,000 Direct labor cost incurred 41,000 Total manufacturing overhead incurred 25.000 Raw materials inventory, beginning 3,500 Raw materials inventory, ending 3.600 Work in process inventory, beginning 12.000 Work in process inventory, ending 14,200 How much is cost of goods manufactured for March? s147,900 S146,300 S146,700 S145,700
Karmon Audio, Inc. manufactures speakers. During March, Karmon's transactions and accounts included the following: Raw materials acquired for cash $82.500 Cost of direct materials used in production 81.900 Costs to ship products to customers 1,000 Direct labor cost incurred 41,000 Total manufacturing overhead incurred 25.000 Raw materials inventory, beginning 3,500 Raw materials inventory, ending 3.600 Work in process inventory, beginning 12.000 Work in process inventory, ending 14,200 How much is cost of goods manufactured for March? s147,900 S146,300 S146,700 S145,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Karmon Audio, Inc. manufactures speakers. During March, Karmon's transactions and accounts included
the following: Raw materials acquired for cash $82,500 Cost of direct materials used in production 81,900
Costs to ship products to customers 1,000 Direct labor cost incurred 41,000 Total manufacturing overhead
incurred 25,000 Raw materials inventory, beginning 3,500 Raw materials inventory, ending 3,600 Work in
process inventory, beginning 12,000 Work in process inventory, ending 14,200 How much is cost of goods
manufactured for March? $147,900 $146,300 $146,700 $145,700
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education