Rochford Corporation has provided the following data concerning last month's operations.?Purchases of raw materials$25,000?Indirect materials included in manufacturing overhead$5,000?Direct labor cost$58,000?Manufacturing overhead cost applied to Work in Process$73,000??BeginningEnding?Raw materials inventory$11,000$21,000?Work in process inventory$49,000$74,000Required:Determine the cost of goods manufactured for the month.

What will be an ideal response?



?Direct materials:??
?Beginning raw materials inventory$11,000?
?Add: Purchases of raw materials25,000?
?Total raw materials available36,000?
?Deduct: Ending raw materials inventory21,000?
?Raw materials used in production15,000?
?Deduct: Indirect materials included in manufacturing overhead5,000$10,000
?Direct labor?58,000
?Manufacturing overhead cost applied to work in process?73,000
?Total manufacturing costs?141,000
?Add: Beginning work in process inventory?49,000
???190,000
?Deduct: Ending work in process inventory?74,000
?Cost of goods manufactured?$116,000

Business

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