Question
Given the following data for Shane Company, compute (1) total manufacturing costs and (2) cost of goods manufactured: Direct materials used $230,000 Beginning work in
Given the following data for Shane Company, compute (1) total manufacturing costs and (2) cost of goods manufactured:
| Direct materials used | $230,000 |
| Beginning work in process | $30,000 |
| Direct labor | 150,000 |
| Ending work in process | 15,000 |
| Manufacturing overhead | 225,000 |
| Beginning finished goods | 38,000 |
| Operating expenses | 263,000 |
| Ending finished goods | 23,000 |
| (1) | (2) | |
| A) | $590,000 | $620,000 |
| B) | $605,000 | $590,000 |
| C) | $620,000 | $635,000 |
| D) | $605,000 | $620,000 |
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
