The following information is available for Fuller Manufacturing Company for the month ending October 31:

Cost of direct materials used in production	$111,000
Direct labor	133,200
Work in process inventory, October 1	50,000
Work in process inventory, October 31	67,700
Total factory overhead	61,100

Determine Fuller Manufacturing’s cost of goods manufactured for the month ended October 31.

Fuller Manufacturing Company

Statement of Cost of Goods Manufactured

For the Month Ended October 31

Work in process inventory, October 1		$50000
Manufacturing costs incurred during October:
Cost of direct materials used in production	$111000
Direct labor	$133200
Factory overhead	$61100
Total manufacturing costs incurred		$305300
Total manufacturing costs		$355300
Work in process inventory, October 31		67700
Cost of goods manufactured		$

 

Answer rating: 100% (QA)

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