Green Company's costs for the month of August are as follows:Direct materials used $27,000Direct labour $34,000Sales salaries $14,000Indirect labour $10,000Indirect materials $15,000General corporate administrative costs $12,000Property taxes on manufacturing facility $2,000Rent on factory $17.000The beginning work-in-process inventory is $16,000 and the ending work-in-process inventory is$9,000. What is the cost of goods manufactured for the month?a. $112,000b. $105,000C. $132,000d. $138,000

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What is the cost of goods manufactured for the month?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Green Company's costs for the month of August are as follows:
Direct materials used $27,000
Direct labour $34,000
Sales salaries $14,000
Indirect labour $10,000
Indirect materials $15,000
General corporate administrative costs $12,000
Property taxes on manufacturing facility $2,000
Rent on factory $17.000
The beginning work-in-process inventory is $16,000 and the ending work-in-process inventory is
$9,000. What is the cost of goods manufactured for the month?
a. $112,000
b. $105,000
C. $132,000
d. $138,000

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