Mason Company provided the following data for this year:

Sales $ $653,000$

Direct labor cost $ $84,000$

Raw material purchases $ $137,000$

Selling expenses $ $110,000$

Administrative expenses $ $41,000$

Manufacturing overhead applied to work in process $ $228,000$

Actual manufacturing overhead costs $ $203,000$

Inventories Beginning Ending

Raw materials $ $8,400$ $ $10,400$

Work in process $ $5,500$ $ $20,600$

Finished goods $ $72,000$ $ $25,400$

Required:

Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.

Answer rating: 100% (QA)

To prepare a schedule of cost of goods manufactured we need to calculate the total manufacturing cos... View the full answer