Question

Using the information below for Laurels Company; determine the cost of goods manufactured during the current year: Direct materials used $6,100 Direct Labor 8,100 Total Factory overhead 6,200 Beginning work in process 4,100 Ending work in process 6,200a. $19,700b. $16,900c. $18,300d. $12,800e. $14,800

Answer 1

Answer:

c. $18,300

Explanation:

The computation of cost of goods manufactured during the current year is shown below:-

Cost of goods manufactured during the current year = Direct material + Direct labor + Total factory overhead + Beginning Work in progress - Ending work in progress

= $6,100 + $8,100 + $6,200 + $4,100 - $6,200

= $24,500 - $6,200

= $18,300

Hence, the correct option is c. $18,300