Fire Cat,Inc.selected cost data for the year are shown below:

What is the total of manufacturing costs incurred by Fire Cat,Inc.during the year?

Name: Fire Cat,Inc.selected cost data for the year are shown below: What is the total of manufacturing costs incurred by Fire Cat,Inc.during the year?
Brand: Quizplus
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Question

Fire Cat,Inc.selected cost data for the year are shown below:

What is the total of manufacturing costs incurred by Fire Cat,Inc.during the year?

Quizplus · Accepted Answer

Total manufacturing costs incurred = Ending Work-in-Process Inventory + Cost of Goods Manufactured - Beginning Work-in-Process Inventory = $22,000 + $145,500 - $19,500 = $148,000