Beginning work in process inventory $ - Direct Materials: Materials - Beginning

Question

Beginning work in process inventory $            -    Direct Materials:    Materials - Beginning $ 5,000.00    Add: Purchases for month of January    Materials Available for use    Deduct: Ending materials    Materials used in production $ 2,000.00 Direct Labor $ 6,240.00 Factory Overhead $ 2,800.00 Total Manufacturing OH Deduct: Ending work in process inv. Cost of Goods Manufactured Beginning work in process inventory $            -    Direct Materials:    Materials - Beginning $ 5,000.00    Add: Purchases for month of January    Materials Available for use    Deduct: Ending materials    Materials used in production $ 2,000.00 Direct Labor $ 6,240.00 Factory Overhead $ 2,800.00 Total Manufacturing OH Deduct: Ending work in process inv. Cost of Goods Manufactured

Explanation / Answer

Total Manufacturing OH= FO+DL+Materials= 2800+6240+5000=14040$

Ending WIP= Can be calculated if some more info. is provided like Materials available, requirement

Cost of Goods Manufactures= 11040$

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