Using the information below for Sundar Company; determine the cost of goods manufactured during the current year:Direct materials used $19,200Direct labor used 24,700Factory overhead 54,100Beginning work in process 10,900Ending work in process 11,500a. $78,200. b. $43,900. c. $97,400. d. $43,300. e. $98,000.

Question

Mina Hart

Business

21 July, 14:20

Using the information below for Sundar Company; determine the cost of goods manufactured during the current year:Direct materials used $19,200Direct labor used 24,700Factory overhead 54,100Beginning work in process 10,900Ending work in process 11,500a. $78,200. b. $43,900. c. $97,400. d. $43,300. e. $98,000.

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Matthias · Answer 1

c. $97,400

Explanation:

The formula to compute the cost of goods manufactured is shown below:

= Direct material used + Direct labor used + Manufacturing Overhead

where,

Manufacturing Overhead would be

= Factory overhead + Beginning work-in-process - Ending work-in-process

= $54,100 + $10,900 - $11,500

= $53,500

Now the value would be

= $19,200 + $24,700 + $53,500

= $97,400