Davis Company. Davis Company manufactures wood file cabinets. The following information is available for June 2008:
$\begin{array}{ll}
&\underline{\text { Beginning }} &\underline{ \text { Ending }} \
\text {Raw Material Inventory}&\$6,000& \$ 7,500 \
\text {Wotk in Process Inventory}&17,300 & 11,700 \
\text { Finished Goods Inventory }&21,000 & 16,300
\end{array}$
Refer to Davis Company. Direct labor is paid $9.60 per hour and overhead for the month was $9,600. If there were 1,500 direct labor hours and $21,000 of raw material purchased, Cost of Goods Manufactured is:

Question

Davis Company. Davis Company manufactures wood file cabinets. The following information is available for June 2008:
$\begin{array}{ll}
&\underline{\text { Beginning }} &\underline{ \text { Ending }} \
\text {Raw Material Inventory}&\$6,000& \$ 7,500 \
\text {Wotk in Process Inventory}&17,300 & 11,700 \
\text { Finished Goods Inventory }&21,000 & 16,300
\end{array}$ 
 Refer to Davis Company. Direct labor is paid $9.60 per hour and overhead for the month was $9,600. If there were 1,500 direct labor hours and $21,000 of raw material purchased, Cost of Goods Manufactured is:

Quizplus · Accepted Answer

Cost of Goods Manufactured = Beginning Work in Process Inventory + Direct Material Used + Direct Labor + Overhead - Ending Work in Process Inventory= 17,300 + 21,000 + (1,500 * 9.60) + 9,600 - 11,700= 17,300 + 21,000 + 14,400 + 9,600 - 11,700= 49,100

Davis Company Refer to Davis Company