Stayton Enterprises
Inventories: April 1 April 30
Raw material $20,000 $17,000

Work in process 12,000 8,000

Finished goods 30,000 39,000

Additional information for March:

Raw material purchased $45,000
Direct labor payroll $36,000

Direct labor rate per hour $ 8.00

Overhead rate per direct labor hour $ 10.00
Refer to Stayton Enterprises.For April,Cost of Goods Manufactured was

Question

Stayton Enterprises

Inventories:	April 1	April 30
Raw material	$20,000	$17,000
Work in process	12,000	8,000
Finished goods	30,000	39,000
Additional information for March:
Raw material purchased	$45,000
Direct labor payroll	$36,000
Direct labor rate per hour	$ 8.00
Overhead rate per direct labor hour	$ 10.00

Refer to Stayton Enterprises.For April,Cost of Goods Manufactured was

Quizplus · Accepted Answer

Cost of Goods Manufactured can be calculated using the following formula: Beginning inventory + Cost of goods manufactured - Ending inventory. Given information in the question, Stayton Enterprises Beginning inventory was not provided, but it is given that Ending inventory was $28,000. Also, Total Manufacturing Costs for April was given which is $371,000. Therefore, using the formula, Cost of Goods Manufactured for April can be calculated as $133,000 which is option B.