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.

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.