Marigold Corp. developed the following data for the current year: Beginning work in process inventory $310000 Direct materials used 204000 Actual overhead 348000 Overhead applied 276000 Cost of goods manufactured 324000 Total manufacturing costs 910000 Marigold Corp.'s ending work in process inventory is $896000. $276000. $600000. $586000.
Marigold Corp. developed the following data for the current year: Beginning work in process inventory $310000 Direct materials used 204000 Actual overhead 348000 Overhead applied 276000 Cost of goods manufactured 324000 Total manufacturing costs 910000 Marigold Corp.'s ending work in process inventory is $896000. $276000. $600000. $586000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Marigold Corp. developed the following data for the current year:
| Beginning work in process inventory | $310000 |
| Direct materials used | 204000 |
| Actual |
348000 |
| Overhead applied | 276000 |
| Cost of goods manufactured | 324000 |
| Total |
910000 |
Marigold Corp.'s ending work in process inventory is
$896000.
$276000.
$600000.
$586000.
Expert Solution
Step 1
Total manufacturing cost + Beginning WIP - Ending WIP = Cost of Goods manufactured
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