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tory Bookmarks Tools Window Help Firefox Pioneer https: ation.comflow/connect.html?sessionSearch Web Tel me more Help Save &Exit; Subn Saved . Assume that all raw m aterials used were traceable to Use the following information to compute the cost of goods manufactured specific units of product Beginning raw materials 6,300 Ending raw materials Direct labor Raw material purchases Depreciation on factory equipment Factory repairs and maintenance 4,800 13,050 8,200 7,300 4,100 11,000 9,700 6,500 7,100 Beginning finished goods inventory Ending finished goods inventory Beginning work in process inventory Ending work in process inventory Multiple Choice

Solution

Cost of goods manufactured = direct materials used + direct labor used + manufacturing overhead assigned

Beginning raw material

$ 6,300

Add : Raw materials purchases

$ 8,200

Less : Ending raw materials

$ 4,800

Raw materials used

$ 9,700

Add : Direct labor

$13,050

Add : Depreciation on factory equipment

$ 7,300

Add : Factory repairs and maintenance

$ 4,100

Total manufacturing cost

$ 34,150

Hence option “$ 34,150” is correct answer.

Beginning raw material	$ 6,300
Add : Raw materials purchases	$ 8,200
Less : Ending raw materials	$ 4,800
Raw materials used	$ 9,700
Add : Direct labor	$13,050
Add : Depreciation on factory equipment	$ 7,300
Add : Factory repairs and maintenance	$ 4,100
Total manufacturing cost	$ 34,150