Durphey Corporation has provided the following data concerning last month's operations. How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured?

A) $176,000
B) $172,000
C) $152,000
D) $224,000

Question

Durphey Corporation has provided the following data concerning last month's operations.

How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured?

A) $176,000
B) $172,000
C) $152,000
D) $224,000

Branden Alvarez · Accepted Answer

Final Answer : B, Explanation :  The total manufacturing cost for the month can be calculated by adding the beginning work in process inventory to the total manufacturing costs incurred during the month and subtracting the ending work in process inventory.Beginning WIP Inventory = $32,000Direct Materials Used = $52,000Direct Labor = $40,000Manufacturing Overhead = $48,000Total Current Manufacturing Costs = $140,000Ending WIP Inventory = $12,000$32,000 + $140,000 - $12,000 = $172,000Therefore, the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured is $172,000.

Durphey Corporation has provided the following data concerning last month's operations. How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured?

A) $176,000
B) $172,000
C) $152,000
D) $224,000

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Learning Objectives

Related questions

Durphey Corporation has provided the following data concerning last month's operations. How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured?A) $176,000B) $172,000C) $152,000D) $224,000

Definitions

Learning Objectives

Learning Objectives

Related questions

Durphey Corporation has provided the following data concerning last month's operations. How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured?

A) $176,000
B) $172,000
C) $152,000
D) $224,000