Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Work in Process, January 1 $ 53,800

Work in Process, December 31 38,900

Total Factory overhead 7,400

Direct materials used 14,400

Direct labor used 28,400"

Question

Lucille Gilmore

Business

7 March, 12:15

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Work in Process, January 1 $ 53,800

Work in Process, December 31 38,900

Total Factory overhead 7,400

Direct materials used 14,400

Direct labor used 28,400"

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Answers (1)

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Chan · Answer 1

COGS = $65,100

Explanation:

Giving the following information:

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Work in Process, January 1 $ 53,800

Work in Process, December 31 38,900

Total Factory overhead 7,400

Direct materials used 14,400

Direct labor used 28,400

cost of goods manufactured = beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured = 53,800 + 14,400 + 28,400 + 7,400 - 38,900 = 65,100

COGS = beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS = $65,100

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:Work in Process, January 1 $ 53,800Work in Process, December 31 38,900Total Factory overhead 7,400Direct materials used 14,400Direct labor used 28,400"

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Work in Process, January 1 $ 53,800

Work in Process, December 31 38,900

Total Factory overhead 7,400

Direct materials used 14,400

Direct labor used 28,400"