Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Alcatraz Corp has the following information: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $22,600 $36,500 Work in Process Inventory $19,800 $22,800 Finished Goods
Alcatraz Corp has the following information: |
Beginning Inventory (1/1) | Ending Inventory (12/31) | |
Raw Materials Inventory | $22,600 | $36,500 |
Work in Process Inventory | $19,800 | $22,800 |
Finished Goods Inventory | $39,400 | $25,100 |
Additional information for the year is as follows: |
Raw Materials purchases | $105,700 |
Direct labor | $76,400 |
Manufacturing overhead applied | $82,400 |
Indirect materials | $0 |
Compute the cost of goods manufactured. |
$236,300 | |
$247,600 | |
$275,700 | |
$253,600 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started