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Compute the cost of goods manufactured for the year

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Reference no: EM133122843

Question - Beasanne's Die-Cuts is preparing its cost of goods manufactured schedule at year-end. Beasane's accounting records show the following. The raw materials inventory account had a beginning balance of $22,000 and an ending balance of $23,000. During the year, Beasanne purchased $67,000 of direct materials. Direct labor for the year totalled $115,000, while manufacturing overhead amount to $165,000. The work in process invetory account had a beginning balance of $25,000 and an ending balance of 19,000. Compute the cost of goods manufactured for the year.

Reference no: EM133122843

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