Question
The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred to Finished Goods Inventory. The Work
The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred to Finished Goods Inventory. The Work in Process accounts in the assembly and finishing departments had beginning balances of $6,600 and $5,600, respectively. During the period, the following costs were added to each department.
Assembly | Finishing | |
---|---|---|
Direct Materials | $13,600 | $16,600 |
Direct Labor | 25,600 | 47,600 |
Overhead | 17,600 | 23,600 |
Also, $48,600 of cost was transferred from the assembly department to the finishing department. Finally, the ending balance in the Work in Process account in the finishing department was $7,600. Based on this information, the cost of goods transferred to the Finished Goods Inventory account was:
Multiple Choice
$149,600.
$85,800.
$142,000.
$134,400.
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