Desrevisseau Inc. ,a manufacturing company,has provided the following data for the month of August.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 August was:

Question

Quizplus · Accepted Answer

Cost of goods manufactured = Direct materials + Direct labor + Manufacturing overhead applied + Beginning work in process inventory- Ending work in process inventory
= $63,000 + $39,000 + $43,000 + $10,000 - $22,000
= $133,000