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Seascape Interiors Produces Artist Supplies Compute:
A

Question 23

Essay

Seascape Interiors produces artist supplies.Listed below are the costs of production and inventory.
 Direct Labor $60,000 Raw Materials Inventory, Aug. 145,000 Raw Materials Purchases 75,000 Raw Materials Inventory, Aug. 3125,000 Overhead 50,000 Work-in-Process Inventory Aug. 121,000 Work-in-Process Inventory Aug. 3127,000 Finished Coods Inventory Aug. 3118,000\begin{array} { l r } \text { Direct Labor } & \$ 60,000 \\\text { Raw Materials Inventory, Aug. } 1 & 45,000 \\\text { Raw Materials Purchases } & 75,000 \\\text { Raw Materials Inventory, Aug. } 31 & 25,000 \\\text { Overhead } & 50,000 \\\text { Work-in-Process Inventory Aug. } 1 & 21,000 \\\text { Work-in-Process Inventory Aug. } 31 & 27,000 \\\text { Finished Coods Inventory Aug. } 31 & 18,000\end{array}
Compute:
a.Cost of raw materials used in production
b.Total manufacturing costs
c.Total cost of goods manufactured

Correct Answer:

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a.$95,000 (45,000+75,000-25,00...

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