Desrevisseau Inc., a manufacturing company, has provided the following data for

Question

Desrevisseau Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in Process inventory account was $17,000 at the beginning of the month and $38,800 at the end of the month. During the month, the company incurred direct materials cost of $107,800 and direct labor cost of $67,000. The actual manufacturing overhead cost incurred was $68,000. The manufacturing overhead cost applied to jobs was $71,000. The cost of goods manufactured for August was:

Explanation / Answer

Beginning work in process-1      17,000 ending work in process-2      38,800 inventory manufactured(2-1)      21,800 Direct material    107,800 direct labor      67,000 manufacturing overheads      68,000 cost of goods manufactured    264,600 Note: Manufacturing overheads applied is indirect cost hence would not be forming part of cost of goods manufactured.

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