Current information for the Healey Company follows Beginning

Current information for the Healey Company follows: Beginning raw materials inventory Raw material purchases Ending raw materials inventony Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead $15,500 63,000 16,900 22,700 28,300 44,300 30,300 All raw materials used were traceable to specific units of product. Healey Company\'s total manufacturing costs for the year are: O $141,800. O $136,200 O $142,900. $139,000o. O $130,600.

Solution

Raw material used=Beginning raw material inventory+Raw material purchases-Ending raw material inventory

=(15500+63000-16900)=$61600

1.Total manufacturing cost=Raw material+Direct labor+Total factory overhead

=(61600+44300+30300)

which is equal to

=$136200

2.

Total manufacturing cost=(20300+25800+48600)=$94700

Hence cost of goods manufactured=Beginning WIP+Total manufacturing cost-ending WIP

=12000+94700-12600

which is equal to

=$94100.