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How much is the cost of goods manufactured for April

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Reference no: EM132972973

Problem - Liza Company manufactures special machines according to customer's specifications. The following data were available at the beginning and ending of April:

Materials inventory, beginning: 32,400

Materials inventory, ending: 34,000

Work in process inventory, beginning: 7,200

Work in process, ending: 16,240

Finished goods inventory, beginning: 8,000

Finished goods inventory, ending: 6,000

During April, direct materials purchased amount to 40,000, direct labor incurred totaled 33,000, and factory overhead was 17,160.

Required - How much is the cost of goods manufactured for April?

Reference no: EM132972973

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