Demur Inc. ,a manufacturing company,has provided the following data for the month of April.The balance in the Work-in-Process inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month.During the month,the company incurred direct materials cost of $63,000 and direct labor cost of $39,000.The actual manufacturing overhead cost incurred was $40,000.The manufacturing overhead cost applied to Work-in-Process was $43,000.The cost of goods manufactured for April was:

Question

Quizplus · Accepted Answer

The cost of goods manufactured is calculated as: Beginning WIP Inventory + Direct Materials + Direct Labor + Applied Manufacturing Overhead - Ending WIP Inventory. So, $10,000 + $63,000 + $39,000 + $43,000 - $22,000 = $133,000.

Demur Inc ,A Manufacturing Company,has Provided the Following Data for the the Month