S. The selected data that follow relate to the Berger Furniture Company Direct m

Question

S. The selected data that follow relate to the Berger Furniture Company Direct material purchased on account Direct material used Direct labor Manufacturing overhead incurred Manufacturing overhead applied 79,000 170,000 100,000 90,000 REQUIRED A.Using the applied overhead, assuming the company produced 70,000 units, what is the cost per unit? B. Assume Work in Process Inventory beginning balance was zero and its ending was $14,000. What are Cost of Goods Manufactured? C. Assume Finished Goods Inventory beginning balance was $30,000 and its ending balance was zero. What amount was the Cost of Goods Sold?

Explanation / Answer

A) Calculate cost per unit :

b) Calculate cost of goods manufactured :

c) Calculate cost of goods sold :

Direct material 79000 Direct labour 170000 Manufacturing overhead applied 90000 Total manufacturing cost 339000 Unit 70000 Unit cost 4.84

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