Question
Current information for the Healey Company follows: Beginning raw materials inventory $ 15,600 Raw material purchases 64,000 Ending raw materials inventory 17,000 Beginning work in
Current information for the Healey Company follows:
Beginning raw materials inventory $ 15,600
Raw material purchases 64,000
Ending raw materials inventory 17,000
Beginning work in process inventory 22,800
Ending work in process inventory 28,400
Direct labor 44,800
Total factory overhead 30,400
All raw materials used were traceable to specific units of product. Healey Company's total manufacturing costs for the year are:
I wasn't sure if this was the same as determining the Cost of Goods Manufactured or not. I am unsure between $137,800 and $132,200. The difference being the subtraction of net WIP...
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