Consider the following information: direct materials used totaled $134,400; direct labor amounted to $396,800; overhead was computed to be $789,600; Work in Process Inventory on January 1,2010,was $378,200; and Work in Process Inventory on December 31,2010,was $385,200.What was the cost of goods manufactured?

Question

Quizplus · Accepted Answer

The cost of goods manufactured is the total of direct materials used, direct labor, and overhead, minus the beginning work in process inventory plus the ending work in process inventory.$134,400 + $396,800 + $789,600 - $378,200 + $385,200 = $1,320,800

Consider the Following Information: Direct Materials Used Totaled $134,400; Direct