Information for the Ace Manufacturing Company follows:
$$\begin{array} { l r }
\text { Beginning raw materials inventory } & \$ 53,200 \
\text { Beginning goods in process, inventory } & 78,400 \
\text { Ending raw materials inventory } & 58,100 \
\text { Ending goods in process, inventory } & 98,000 \
\text { Direct labor } & 149,800 \
\text { Total factory overhead } & 105,000 \
\text { Raw material purchases } & 210,000
\end{array}$$
Calculate the cost of goods manufactured for this company.

Question

Information for the Ace Manufacturing Company follows:
$$\begin{array} { l r } 
\text { Beginning raw materials inventory } & \$ 53,200 \
\text { Beginning goods in process, inventory } & 78,400 \
\text { Ending raw materials inventory } & 58,100 \
\text { Ending goods in process, inventory } & 98,000 \
\text { Direct labor } & 149,800 \
\text { Total factory overhead } & 105,000 \
\text { Raw material purchases } & 210,000
\end{array}$$
Calculate the cost of goods manufactured for this company.

Quizplus · Accepted Answer

The Answer of Information for the Ace Manufacturing Company follows:
$$\begin{array} { l r } 
\text { Beginning raw materials inventory } & \$ 53,200 \
\text { Beginning goods in process, inventory } & 78,400 \
\text { Ending raw materials inventory } & 58,100 \
\text { Ending goods in process, inventory } & 98,000 \
\text { Direct labor } & 149,800 \
\text { Total factory overhead } & 105,000 \
\text { Raw material purchases } & 210,000
\end{array}$$
Calculate the cost of goods manufactured for this company.

Information for the Ace Manufacturing Company Follows Calculate the Cost of Goods Manufactured for This Company