Vinyl Sign Suppliers makes signs for businesses. For the previous month, the company had the following information and business transactions:
Beginning Balances: Raw Materials Inventory, $28,300; Work-In-Process Inventory, $14,900; and Finished Goods Inventory, $21,400
Production data for the month: Direct materials, direct labor and manufacturing overhead costs totaling $115,000 were incurred in producing 300 vinyl signs.
Ending Balances: Raw Materials Inventory, $15,200; Work-In-Process Inventory $34,500; and Finished Goods Inventory, $13,700. What was the cost of the goods manufactured and transferred to the Finished Goods Inventory at the end of last month?

Question

Vinyl Sign Suppliers makes signs for businesses. For the previous month, the company had the following information and business transactions: 
Beginning Balances: Raw Materials Inventory, $28,300; Work-In-Process Inventory, $14,900; and Finished Goods Inventory, $21,400 
Production data for the month: Direct materials, direct labor and manufacturing overhead costs totaling $115,000 were incurred in producing 300 vinyl signs. 
Ending Balances: Raw Materials Inventory, $15,200; Work-In-Process Inventory $34,500; and Finished Goods Inventory, $13,700. What was the cost of the goods manufactured and transferred to the Finished Goods Inventory at the end of last month?

Quizplus · Accepted Answer

The Answer of Vinyl Sign Suppliers makes signs for businesses. For the previous month, the company had the following information and business transactions: 
Beginning Balances: Raw Materials Inventory, $28,300; Work-In-Process Inventory, $14,900; and Finished Goods Inventory, $21,400 
Production data for the month: Direct materials, direct labor and manufacturing overhead costs totaling $115,000 were incurred in producing 300 vinyl signs. 
Ending Balances: Raw Materials Inventory, $15,200; Work-In-Process Inventory $34,500; and Finished Goods Inventory, $13,700. What was the cost of the goods manufactured and transferred to the Finished Goods Inventory at the end of last month?

Vinyl Sign Suppliers Makes Signs for Businesses