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week 2 . Chapter 2 Quit X rses/903350/assignments/9522660 140-40 > Assignments >

ID: 2330188 • Letter: W

Question

week 2 . Chapter 2 Quit X rses/903350/assignments/9522660 140-40 > Assignments > Week 2·Chapter 2 Quiz Week 2 - Chapter 2 Quiz nts managerial accounting fall A2 2018 zohal yuridullah Quiz: Week 2 - Chapter 2 Quiz Time Remaining: 01 58 13 Submit Qu This Question: 1 pt 5 of 5 (5 complote) This Quiz: 5 pts possible Emst Manufacturing found the following intformation in its accounting records $523,000 of direct materials uted $224 000 of direct labor, in Process Inventory account had a beginning balance of $72.400 and an ending baliance of $87,600 Compute the company's Cost of Goods Manufactured and $742,000 of manufacturing overhead The Work Calculation of Cost of Goods Manufactured For Current Year Plus. Manufacturing costs incurred Lese Choose from any list or enter any number in the input fields and then continue to the next question

Explanation / Answer

Ernst Manufacturing

Calculation of Cost Goods Manufactured

For Current Year

Beginning work in Process Inventory $72,400 Plus:   Manufacturing costs Incurred   Direct Materials used $523,000 Direct Labor $224,000 Manufacturing Overhead $742,000 Total Manufacturing costs to account for $1,561,400 Less: Ending work in process inventory $87,600 Cost of goods manufactured $1,473,800