b $12.00 O c $9.20 d. $14.40 uestion 16 Green Company\'s costs for the month of

Question

b $12.00 O c $9.20 d. $14.40 uestion 16 Green Company's costs for the month of August were as follows Direct materials used Direct labor Indirect labor Indirect materials Taxes on factory Rent on factory Work-in-process inventory, August 1 Work-in-process inventory, August 31 he cost of goods manufactured is e a.$115,000 $25 35 15 3,000 20 b.$117,000 c $70.000 o d $122.000 Question 17 Listed below is selected data for Zodiac Company for the current year Total manufacturing costs incurred during the year $122,000

Explanation / Answer

Cost of goods manufactured = Opening work in progress + Direct costs + Manufacturing overhead - Ending work in progres.

Manufacturing overhead = Indirect labor + Indirect materials + Taxes on factory + Rent on factory

= $10,000 + $15,000 + $3,000 + $20,000 = $48,000

So, Cost of goods manufactured = Work in progress inventory August 1 + Direct materials used + Direct labor + Manufacturing overhead - Work in progress august 31

= $16,000 + $25,000 + $35,000 + $48,000 - $9,000 = $115,000.

So, option A is the correct option.

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