Question
Koczela Incorporated has provided the following data for the month of May: Inventories: Beginning Ending Work in process $22,000 $17,000 Finished goods $51,000 $55,000 Additional
Koczela Incorporated has provided the following data for the month of May:
Inventories:
Beginning Ending
Work in process
$22,000
$17,000
Finished goods
$51,000
$55,000
Additional information:
Direct materials
$62,000
Direct labour cost
$92,000
Manufacturing overhead cost incurred
$68,000
Manufacturing overhead cost applied to Work in Process
$66,000
Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
What is the cost of goods manufactured for May?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
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