Need help wwwwwIn 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?

Step 1: Find the total manufacturing cost (TMC)= raw materials + direct labor + manufacturing…

Answered: wwwww In Lyra Enterprises, for the year…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter12: Activity-based Management

Section: Chapter Questions

Problem 19E: A company is spending 70,000 per year for inspecting, 60,000 per year for purchasing, and 56,000 per...

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wwwww 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?