Reason Apparel applied overhead totaling $140,000 during March. Inventories were as follows: $$\begin{array} { l c c }
& \text { Beginning } & \text { Ending } \
\text { Raw material } & \$ 15,000 & \$ 21,000 \
\text { Work in Process } & \$ 24,000 & \$ 26,000 \
\text { Finished Goods } & \$ 11,000 & \$ 15,000
\end{array}$$ How much is cost of goods manufactured?

Question

Reason Apparel applied overhead totaling $140,000 during March. Inventories were as follows: $$\begin{array} { l c c } 
& \text { Beginning } & \text { Ending } \
\text { Raw material } & \$ 15,000 & \$ 21,000 \
\text { Work in Process } & \$ 24,000 & \$ 26,000 \
\text { Finished Goods } & \$ 11,000 & \$ 15,000
\end{array}$$ How much is cost of goods manufactured?

Quizplus · Accepted Answer

The cost of goods manufactured cannot be determined with the given information as it requires additional data such as direct materials used, direct labor costs, and the total manufacturing costs incurred during the period.

Reason Apparel Applied Overhead Totaling $140,000 During March How Much Is Cost of Goods Manufactured? A) $138,000 B)

Reason Apparel Applied Overhead Totaling $140,000 During March How Much Is Cost of Goods Manufactured?
A) $138,000
B)