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What is the cost of goods manufactured

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Reference no: EM132980861

Question - Manufacturing information for a company includes the following

Beginning raw material $2,000

Purchases of raw material $4,000

Ending raw materials $3,500

Beginning work in process $4,000

Ending work in process $1,000

The overhead rate is $20 per direct labor hour, and the company incurs 340 direct labor hours during the period. Since all products are made to order, the company never carries a finished goods inventory.

Required - What is the cost of goods manufactured if the company incurs $,500 in direct labor?

Reference no: EM132980861

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