Beckett, Inc. reports the following cost information for March: Cost of Goods Manufactured $ 73 comma 000 Manufacturing Overhead 18 comma 900 Finished Goods Inventory, March 1 8 comma 000 Finished Goods Inventory, March 31 2 comma 000 Work-in-Process Inventory, March 1 9 comma 680 Work-in-Process Inventory, March 31 1 comma 000 Direct Materials Used 25 comma 140 What is the amount of direct labor incurred by Beckett, Inc. in March?

Question

Bradyn Wang

Business

29 May, 17:21

Beckett, Inc. reports the following cost information for March: Cost of Goods Manufactured $ 73 comma 000 Manufacturing Overhead 18 comma 900 Finished Goods Inventory, March 1 8 comma 000 Finished Goods Inventory, March 31 2 comma 000 Work-in-Process Inventory, March 1 9 comma 680 Work-in-Process Inventory, March 31 1 comma 000 Direct Materials Used 25 comma 140 What is the amount of direct labor incurred by Beckett, Inc. in March?

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Ethen Fuentes · Answer 1

Beckett, Inc.

Cost of Goods Manufactured Statement

Direct Materials Used 25, 140

Direct Labor $ 20,280

Manufacturing Overhead 18,900

Total Manufacturing Costs $ 64,320

March 1 Work-in-Process Inventory, 9, 680

Cost of Goods Available for Manufacture $ 74,000

March 31 Work-in-Process Inventory, 1, 000

Cost of Goods Manufactured $ 73,000

March 1 Finished Goods Inventory, 8, 000

Cost of Goods available for sale $81,000

March 31 Finished Goods Inventory, 2, 000

Cost of Goods Sold $ 79,000