Calculator Laramie Technologies had the following data Cost

Calculator Laramie Technologies had the following data: Cost of materials used Direct labor costs Factory overhead Work in process inventory, beginning Work in process inventory rending Calculate the cost of goods manufactured. $50,000 56,000 28,000 45,000 32,000

Solution

Cost of Goods Manufactured Statement:-

There fore,the cost of goods manufactured is $147000.

Particulars
Cost of material used	$50000	-
Cost of direct labour	$56000	-
Factory overhead	$28000	-
Total Manufacturing Cost		$134000
Work in process-Beginning	+	$45000
Work in process-Ending	-	$32000
Cost Of Goods Manufactured	=	$147000