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What is the cost of direct materials were used in production

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Reference no: EM133155124

Question - Logan's Enterprises reported the following data for May.

Beginning balance, Direct Materials Inventory

$45,000

Beginning balance, Work in Process Inventory

52,000

Beginning balance, Finished Goods Inventory

62,000

Ending balance, Direct Materials Inventory

47,000

Purchase of direct materials

92,000

Direct labor

48,000

Manufacturing overhead applied

42,000

Cost of goods manufactured

200,000

Cost of Goods Sold

220,000

Required -

a. What is the cost of direct materials were used in production?

b. What are the total manufacturing costs for the month of May?

Reference no: EM133155124

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