Question
Entin Corporation reported the following data for the month of January: Inventories: Beginning Ending Raw materials $32,000 $38,000 Work in process $11,000 $17,000 Finished goods
Entin Corporation reported the following data for the month of January:
| Inventories: | Beginning | Ending | |
| Raw materials | $32,000 | $38,000 | |
| Work in process | $11,000 | $17,000 | |
| Finished goods | $45,000 | $47,000 | |
| Additional information: | |||
| Raw materials purchases | $65,000 | ||
| Direct labor cost | $88,000 | ||
| Manufacturing overhead cost incurred | $64,000 | ||
| Indirect materials included in manufacturing overhead cost incurred | $3,000 | ||
| Manufacturing overhead cost applied to Work in Process | $61,000 |
The cost of goods manufactured for January is:
| $202,000 | |
| $214,000 | |
| $217,000 | |
| $199,000 |
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Managerial Accounting Tools For Business Decision Making Wileyplus Lms Student Package
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th Edition
1119390249, 978-1119390244
