Ask Question
6 September, 22:28

Raynor Company has the following dа ta:

Direct labor 76,000

Direct materials used 84,000

Total manufacturing overhead 60,000

Ending work in process 45,000

Beginning work in process 30,000

Calculate the cost of goods manufactured.

+4
Answers (1)
  1. 6 September, 22:36
    0
    The cost of goods manufactured. $ 205,000

    Explanation:

    Raynor Company

    The Cost of Goods Manufactured Statement

    $

    Direct labor 76,000

    Direct materials used 84,000

    Total manufacturing overhead 60,000

    Total Manufacturing Costs $ 220,000

    Add Beginning work in process 30,000

    Less Ending work in process 45,000

    The cost of goods manufactured. $ 205,000

    The cost of goods manufactured gives an estimate of the costs incurred in a given period. It includes total manufacturing costs and beginning work in process. The ending work in process is deducted from it.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Raynor Company has the following dа ta: Direct labor 76,000 Direct materials used 84,000 Total manufacturing overhead 60,000 Ending ...” 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