contestada

The Heidelberg Company began the period with a balance of $13,000 in its Work in Process (WIP) account. During the period the
company incurred $16,000 in direct labour costs, requisitioned $10,000 in direct materials, and applied $17,000 in manufacturing
overhead. Actual overhead costs for the period were $18,500. If the balance in the WIP account at the end of the period was $22.000
then Cost of Goods Manufactured for the period was
O $21,000
O $34.000
O $35,500
O $56.000
O none of the above

Respuesta :

The cost of goods manufactured is $34,000

What is cost of goods manufactured?

The cost of goods manufactured is the cost of the units of finished goods manufactured during the period under review.

The cost of goods manufactured is determined as opening work-in-process plus labor direct costs, direct materials cost, applied manufacturing overhead and thereafter we deduct the ending work in process, note that the estimated overhead is applicable  since the materials are computed using the purchase cost

cost of goods manufactured=$13,000+$16,000+$10,000+$17,000-$22,000

cost of goods manufactured=$34,000

Find out more about cost of goods manufactured on:https://brainly.com/question/13767214

#SPJ4

Otras preguntas