Solution-How much is Benson cost of goods manufactured

How much is Benson cost of goods manufactured

Reference no: EM133123460

Question - Benson Inc.'s accounting records reflect the following inventories:

	Dec. 31, 2021	Dec. 31, 2022
Raw materials inventory	$80,000	$64,000
Work in process inventory	104,000	116,000
Finished goods inventory	100,000	92,000

During 2022, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000.

Required - How much is Benson's cost of goods manufactured?

Reference no: EM133123460

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How much is Benson cost of goods manufactured

Reference no: EM133123460

Reference no: EM133123460

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