Question

Current information for the Stellar Corporation follows: Beginning work in process inventory $ 17,900 Ending work in process inventory 19,300 Direct materials used 147,000 Direct labor used 85,000 Total factory overhead 63,100 Stellar Corporation's cost of goods manufactured for the year is:

Answer 1

The right answer is "$293700".

Step-by-step explanation:

The given values are:

Direct material,

= $147000

Direct labor,

= $85000

Total factory overhead,

= $63100

Beginning work,

= $17900

Ending work,

= $19300

now,

The total manufacturing cost will be:

=
`Direct \ material +Direct \ labor+Total \ factory \ overhead`

=
`147000+85000+63100`

=
`295100` ($)

hence,

The costs of goods manufactured will be:

=
`Manufacturing \ cost+Beginning \ work-Ending \ work`

=
`295100+17900-19300`

=
`313000-19300`

=
`293700` ($)