ols Help FA YouTube Videos Homework Saved Koczela Inc, has provided the followin

Question

ols Help FA YouTube Videos Homework Saved Koczela Inc, has provided the following data for the month of May Inventories: Work in process Finished goods Beginning Ending s30,000 $25,000 $ 59,000 $63,000 Additional information: Direct materials Direct labor cost Manufacturing overhead cost incurred s 70,000 $100,000 $ 76,000 74,000 Manufacturing overhead cost applied to Work in Process Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold The cost of goods manufactured for May is: K Prev7 of 18 E Next> @ lp

Explanation / Answer

Total manufacturing cost = Direct material+Direct labour+Applied overhead

= 70000+100000+74000

Total manufacturing cost = 244000

Cost of goods manufactured = Beginning work in process+Total manufacturing cost-Ending work in process

= 30000+244000-25000

Cost of goods manufactured = 249000

So answer is $249000

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