Sterling's records show the work in process inventory had a beginning balance of $2,978 and an ending balance of $3,706. How much direct labor was incurred if the records also show: • Materials used $2,285 • Overhead applied $1,377 Cost of goods manufactured $6,587 E noiteou

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Sterling's records show the work in process inventory had a beginning
balance of $2,978 and an ending balance of $3,706. How much direct labor
was incurred if the records also show:
• Materials used $2,285
• Overhead applied $1,377
• Cost of goods manufactured $6,587
E noileeu
PAntaubol medmua
Transcribed Image Text:Sterling's records show the work in process inventory had a beginning balance of $2,978 and an ending balance of $3,706. How much direct labor was incurred if the records also show: • Materials used $2,285 • Overhead applied $1,377 • Cost of goods manufactured $6,587 E noileeu PAntaubol medmua
Expert Solution
Total manufacturing cost
 Cost of goods manufactured          6,587
 Add: work in process inventory at ending          3,706
 Less: work in process inventory at beginning  -      2,978
 Total manufacturing cost           7,315
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