Boursaw Corporation has provided the following data concerning last month\'s ope

Question

Boursaw Corporation has provided the following data concerning last month's operations. Purchases of raw materials Indirect materials included in manufacturing overhead $4,90e Direct labor cost Manufacturing overhead applied to Work in Process$78,ee0 Underapplied overhead $33,e00 $58,900 5,eee Beginning Ending s1e,ee0 $15,ee0 Work in process inventory 56,000 $72,800 Finished goods inventory 41,000 $49,eee Raw materials inventory Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold How much is the direct materials cost for the month on the Schedule of Cost of Goods Manufactured? Multiple Choice $38,000 $24,000 $33,000 $43,000

Explanation / Answer

Raw materials inventory,beginning 10,000 add:purchases of raw materials 33,000 raw materials available for use 43,000 Raw materials inventory,ending 15,000 indirect raw materials 4,000 direct raw materials used 24,000 direct labor 58,000 Applied manufacturing overhead 78,000 total manufacturing cost for the year 160,000 Add:beginning work in process 56,000 less:ending work in process 72,000 cost of goods manufactured 144,000 direct materials cost for the month = $24,000

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