Use the following information to compute the cost of goods manufactured. Assume that all raw materials used were traceable to specific units of product. Beginning raw materials Ending raw materials Direct labor Raw material purchases Depreciation on factory equipment Factory repairs and maintenance Beginning finished goods inventory Ending finished goods inventory Beginning work in process inventory Ending work in process inventory $ 7,100 5,600 13,850 9,000 8,100 4,900 11,800 10,500 7,300 7,900
Use the following information to compute the cost of goods manufactured. Assume that all raw materials used were traceable to specific units of product. Beginning raw materials Ending raw materials Direct labor Raw material purchases Depreciation on factory equipment Factory repairs and maintenance Beginning finished goods inventory Ending finished goods inventory Beginning work in process inventory Ending work in process inventory $ 7,100 5,600 13,850 9,000 8,100 4,900 11,800 10,500 7,300 7,900
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Use the following information to compute the cost of goods manufactured. Assume that all raw materials used were traceable to specific units of product.
Beginning raw materials
Ending raw materials
Direct labor
Raw material purchases
Depreciation on factory equipment
Factory repairs and maintenance.
Beginning finished goods inventory
Ending finished goods inventory
Beginning work in process inventory.
Ending work in process inventory
Multiple Choice
$44,650.
$37,950
$38,650.
$37,350
$36,750
$ 7,100
5,600
13,850
9,000
8,100
4,900
11,800
10,500
7,300
7,900
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