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Keane Manufacturing found the following information in its accounting records: $523,000 of direct materials used, $221.500 of direct labor, and 5745,000 of manufacturing overhead. The
Keane Manufacturing found the following information in its accounting records: $523,000 of direct materials used, $221.500 of direct labor, and 5745,000 of manufacturing overhead. The Work in Process Inventory account had a beginning balance of $81,000 and an ending balance of $88.000. Compute the company's cost of Goods Manufactured Complete the following table to determine the cost of goods manufactured Keane Manufacturing Calculation of Cost of Goods Manufactured For Current Year Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used Direct labor Manufacturing overhead Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured
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