Using the information below for Sarnia Corporation, determine the cost of goods manufactured during the current year: Direct materials used $22,300 Direct labor used $27,800 Factory overhead $45,900 Beginning work in process $13,400 Ending work in process $11,200 a. $98,200 b. $96,000 c. $93,100 d. $101,700 e. $94,400

Using the information below for Sarnia Corporation, determine the cost of goods manufactured during the current year: Direct materials used $22,300 Direct labor used $27,800 Factory overhead $45,900 Beginning work in process $13,400 Ending work in process $11,200 a. $98,200 b. $96,000 c. $93,100 d. $101,700 e. $94,400

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of $125,900. Overhead is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
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