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For fiscal year 2016, Nancy calculated the following costs for Choco-ramas manufacturing process. Beginning work in process inventory, $22,655 Ending work in process inventory, $28,207
For fiscal year 2016, Nancy calculated the following costs for Choco-ramas manufacturing process.
- Beginning work in process inventory, $22,655
- Ending work in process inventory, $28,207
- Beginning raw materials inventory, $42,385
- Ending raw materials inventory, $44,299
- Raw materials purchased, $387,521
- Office supplies purchased, $15,274
- 388,400 man-hours of factory labor at $23.60/hour
- 14,200 man-hours of factory oversight labor at $28.75/hour
- Administrative salaries, $392,000
- Factory utilities, $18,500
- Factory depreciation, $9,700
- Factory repairs, $15,400
What is Choco-ramas cost of goods manufactured for fiscal year 2016?
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