Managerial Accounting - 62040 Adeeb Wahabuddin & 11/2/19 12:01 PM Homework: Week 1: Homework Save Score: 0 of 10 pts 2 of 4 (1 complete) HW Score: 20%, 10 of 50 pts E2-25A (similar to) Question Help Hanthom industries is calculating its Cost of Good Manufactured at year and Master's accounting records show the following: The Raw Materials inventory account had a beginning balance of $11.000 and an ending balance of $20,000. During the year, the company purchased $56,000 of direct materials. Direct labor for the year totaled $123.000, while manufacturing overhead amounted to 5157.000. The Work in Process Inventory account had a beginning balance of $23,000 and an ending balance of $15,000. Assume that Raw Materials Inventory contains only direct materials. Compute the cost of Goods Manufactured for the year. (Hint. The first 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 materiais Materials avaible for use Less Ending raw materials inventory Direct materials used Choose from any list or enter any number in the input fields and then click Check Answer 1 Iomairing Clear All Check