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3) The cost of goods manufactured: (3 marks) Sienna Company has the following information for January Cost of direct materials used in production $20,000 Direct
3) The cost of goods manufactured: (3 marks)
Sienna Company has the following information for January | |
Cost of direct materials used in production | $20,000 |
Direct labor | 15,000 |
Factory overhead | 24,000 |
Work in process inventory, January 1 | 2,900 |
Work in process inventory, January 31 | 3,500 |
Calculate the cost of goods manufactured |
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