Given the following data for Good man Company, compute (A) total manufacturing costs and (B) costs of goods manufactured:
|
Direct materials used
|
$345,000
|
|
Beginning work in process
|
$15,000
|
|
Direct labor
|
305,000
|
|
Ending work in process
|
60,000
|
|
Manufacturing overhead
|
450,000
|
|
Beginning finished goods
|
75,000
|
|
Operating expenses
|
525,000
|
|
Ending finished goods
|
45,000
|
|
|
|
|
|
|
|
|
Total Manufacturing Costs
|
Costs of Goods Manufactured
|
|
A
|
$1,055,000
|
$1,100,000
|
|
B
|
$1,070,000
|
$1,130,000
|
|
C
|
$1,100,000
|
$1,055,000
|
|
D
|
$1,130,000
|
$1,055,000
|