Homework: Chapter 2 Homework Score: 0 of 6 pts E2-25A (similar to) 2 of 2 (2 complete) w Save HW Score: 40%, 4 of 10 pts Question Help Hawthorn Industries is calculating its Cost of Goods Manufactured at year-end. The company's accounting records show the following. The Raw Materials Inventory account had a beginning balance of $12,000 and an ending balance of $14,000. During the year, the company purchased $68,000 of direct materials. Direct labor for the year totaled $121,000, while manufacturing overhead amounted to $157,000. The Work in Process Inventory account had a beginning balance of $30,000 and an ending balance of $16,000. Assume that Raw Materials Inventory contains only direct materials. Compute the Cost of Goods Manufactured for the year. (Hint. The first step is to calculate the direct materials used during the year.) Start by calculating the direct materials used during the year Hawthorn Industries Calculation of Direct Materials Used For Current Year Beginning raw materials inventory) Plus Purchases of direct materials 2300 71000 t fo of t Beginning raw materials inventory Less Ending raw materials inventory Choose from any list or enter any number in the input helds and then click Check Answer bes: 1 part bon remaining market Interest rate is .. Clear All classify the cost as a product cost, further classify it as See more questions for to search Final Check 00