Bloomfield Manufacturing found the following information in its accounting records: $521,000 of direct materials used, $225,500...

 

Transcribed Image Text:

Bloomfield Manufacturing found the following information in its accounting records: $521,000 of direct materials used, $225,500 of direct labor, and $773,175 of manufacturing overhead. The Work in Process Inventory account had a beginning balance of $72,400 and an ending balance of $87,600. Compute the company's Cost of Goods Manufactured. Complete the following table to determine the cost of goods manufactured. Bloomfield Manufacturing Calculation of Cost of Goods Manufactured For Current Year Plus: Manufacturing costs incurred Less: Bloomfield Manufacturing found the following information in its accounting records: $521,000 of direct materials used, $225,500 of direct labor, and $773,175 of manufacturing overhead. The Work in Process Inventory account had a beginning balance of $72,400 and an ending balance of $87,600. Compute the company's Cost of Goods Manufactured. Complete the following table to determine the cost of goods manufactured. Bloomfield Manufacturing Calculation of Cost of Goods Manufactured For Current Year Plus: Manufacturing costs incurred Less:

Answer rating: 100% (QA)

To calculate the Cost of Goods Manufactured for Bloomfield Manufacturing we need to follow these ste... View the full answer