Rediger Inc., a manufacturing Corporation, has provided the following data for t

Question

Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $33,000 at the beginning of the month and $22,500 at the end of the month. During the month, the Corporation incurred direct materials cost of $57,200 and direct labor cost of $31,300. The actual manufacturing overhead cost incurred was $54,100. The manufacturing overhead cost applied to Work in Process was $53,200. The cost of goods manufactured for June was:

$153,100.

$141,700.

$142,600.

$152,200.

Explanation / Answer

Total manufacturing cost=Direct material+Direct labor+OVerhead applied

=(57200+31300+53200)=$141700

Cost of goods manufactured=Beginning WIP+Total manufacturing cost-Ending WIP

=(141700+33000-22500)

which is equal to

=$152200.

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