Question

Using the information below for Singing Dolls, Inc., determine the total manufacturing costs incurred during the year:Work in Process, January 1 $53,000Work in Process, December 31 38,500Direct materials used 14,000Total Factory overhead 7,000Direct labor used 28,000a- $49,000.b- $95,000.c- $102,000.d- $63,500.e- $14,500.

Answer 1

The correct answer is D.

Step-by-step explanation:

Giving the following information:

Work in Process, January 1 $53,000

Work in Process, December 31 38,500

Direct materials used 14,000

Total Factory overhead 7,000

Direct labor used 28,000

To calculate the total manufacturing costs, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 53,000 + 14,000 + 28,000 + 7,000 - 38,500

cost of goods manufactured= $63,500