Give me answer wwwwIn Lyra Enterprises, for the year 2020, whatis the cost of goods manufactured if thebeginning work in process was $45,000,ending work in process was $38,000, rawmaterials used were $85,000, direct laborwas $58,000, manufacturing overhead was$32,000, and legal fees were $8,000?

Raw materials used 85,000.00 Direct labor 58,000.00 Manufacturing overhead 32,000.00…

Answered: wwww In Lyra Enterprises, for the year…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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wwww In Lyra Enterprises, for the year 2020, what is the cost of goods manufactured if the beginning work in process was $45,000, ending work in process was $38,000, raw materials used were $85,000, direct labor was $58,000, manufacturing overhead was $32,000, and legal fees were $8,000?