Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vaughn Manufacturing Inc's accounting records reflect the following inventories:Raw materials inventory : ( Dec . 3 1 , 2 0 2 1 $ 1 0

Vaughn Manufacturing Inc's accounting records reflect the following inventories:Raw materials inventory : (Dec.31,2021 $100200)(Dec 312022 $80700)Work in process inventory : (dec 312021 $129900)(Dec 312022 $144200)Finished goods inventory: (Dec 312021 $124300)(Dec 312022 $115000)During 2022, Vaughn purchased $950800 of raw materials, incurred direct labour costs of $125600, and inc overhead totalling $159200. Vaughn Manufacturing's cost of goods manufactured for 2022 amounted to $12 it report as cost of goods sold for the year?A) $1250100B) $1366400C) $1231500D) $1249900

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

14th Edition

978-0132960649, 132960648, 132109174, 978-0132109178

More Books

Students also viewed these Accounting questions