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14 October, 04:05

The Clarke Company provided the following information for the month of December:Beginning work-in-process $12,000Ending work-in-process $9,000Direct labor/materials used $14,000Manufacturing overhead $7,000The company's cost of goods manufactured for December is:A) $42,000 B) $33,000 C) $28,000 D) $24,000 E) $26,000

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  1. 14 October, 04:26
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    Answer: Option (D) is correct.

    Explanation:

    Given that,

    Beginning work-in-process = $12,000

    Ending work-in-process = $9,000

    Direct labor/materials used = $14,000

    Manufacturing overhead = $7,000

    Cost of goods manufactured:

    = Beginning work in progress + Total manufacturing costs - Ending work in progress

    = $12,000 + ($14,000 + $7,000) - $9,000

    = $24,000
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