Ask Question
24 September, 05:46

Youngstown Rubber reports the following data for its first year of operation. Direct materials used: $710,000Cost of goods manufactured: 680,000Finished goods inventory, ending: 190,000Finished goods inventory, beginning: 0Manufacturing overhead: 100,000Work in process inventory, beginning: 0Work in process inventory, ending: 130,000What are the total manufacturing costs to account for?

+1
Answers (1)
  1. 24 September, 06:09
    0
    Total manufacturing costs = 810,000

    Explanation:

    Giving the following information:

    Direct materials used: $710,000

    Cost of goods manufactured: 680,000

    Finished goods inventory, ending: 190,000

    Finished goods inventory, beginning: 0

    Manufacturing overhead: 100,000

    Work in process inventory, beginning: 0

    Work in process inventory, ending: 130,000

    Total manufacturing costs = direct material + direct labor + manufacturing overhead

    Total manufacturing costs = 710,000 + 0 + 100,000 = 810,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Youngstown Rubber reports the following data for its first year of operation. Direct materials used: $710,000Cost of goods manufactured: ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers