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30 March, 07:58

Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year:

Work in Process, January 1 $51,600

Work in Process, December 31 37,800

Direct materials used $13,300

Total factory overhead 6,300

Direct labor used 27,300

Multiple Choice

a. $60,700.

b. $98,500.

c. $46,900.

d. $92 200.

e. $13,800.

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Answers (1)
  1. 30 March, 09:00
    0
    Option (c) is correct.

    Explanation:

    Given that,

    Work in Process, January 1 = $51,600

    Work in Process, December 31 = 37,800

    Direct materials used = $13,300

    Total factory overhead = 6,300

    Direct labor used = 27,300

    Therefore,

    Total manufacturing cost:

    = Direct material + Direct labor + Factory overhead

    = $13,300 + $27,300 + $6,300

    = $46,900.
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