Entin Corporation reported the following data for the month ofJanuary: Beginning Ending Inventories: Raw materials $ 45,000 $51,000 Work in process $ 24,000 $ 30,000 Finished goods $ 58,000 $60,000 Additional information: Raw materials purchases $ 78,000Direct labor cost $ 101,000 Manufacturing overhead cost incurred $77,000 Indirect materials included in manufacturing overhead costincurred $ 2,000 Manufacturing overhead cost applied to Work inProcess $ 74,000 The cost of goods manufactured for January is:254,000 256,000 239,000 243,000
Entin Corporation reported the following data for the month ofJanuary: Beginning Ending Inventories: Raw materials $ 45,000 $51,000 Work in process $ 24,000 $ 30,000 Finished goods $ 58,000 $60,000 Additional information: Raw materials purchases $ 78,000Direct labor cost $ 101,000 Manufacturing overhead cost incurred $77,000 Indirect materials included in manufacturing overhead costincurred $ 2,000 Manufacturing overhead cost applied to Work inProcess $ 74,000 The cost of goods manufactured for January is:254,000 256,000 239,000 243,000
Related questions
Messana Corporation reported the following data for the month of August:
| Inventories: | Beginning | Ending |
| Raw materials | $36,000 | $24,000 |
| Work in process | $23,000 | $17,000 |
| Finished goods | $37,000 | $55,000 |
| Additional information: | ||
| Raw materials purchases | $69,000 | |
| Direct labor cost | $94,000 | |
| Manufacturing overhead cost incurred | $54,000 | |
| Indirect materials included in manufacturing overhead cost incurred | $8,000 | |
| Manufacturing overhead cost applied to Work in Process | $56,000 |
The adjusted cost of goods sold that appears on the income statement for August is:
A) $211,000
B) $209,000
C) $247,000
D) $229,000
| The following data from the just completed year are taken from the accounting records of Mason Company: |
| Sales | $ | 654,000 |
| Direct labor cost | $ | 82,000 |
| Raw material purchases | $ | 133,000 |
| Selling expenses | $ | 101,000 |
| Administrative expenses | $ | 47,000 |
| Manufacturing overhead applied to work in process | $ | 210,000 |
| Actual manufacturing overhead costs | $ | 225,000 |
| Inventories | Beginning of Year | End of Year | ||
| Raw materials | $ | 8,500 | $ | 10,100 |
| Work in process | $ | 5,700 | $ | 20,300 |
| Finished goods | $ | 74,000 | $ | 25,700 |
| Required: |
| 1. | Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. |
