Assume the following from a schedule of cost of goods manufactured (the company uses no indirect materials in production): $ 10,000 $ 14,000 $ 3,000 $ 6,000 $ 38,000 $ 17,000 Actual manufacturing overhead costs incurred $ 34,000 Manufacturing overhead applied to production$ 32,000 Beginning work in process inventory Ending work in process inventory Beginning raw materials inventory Ending raw materials inventory Purchases of raw materials Direct labor What is the cost of goods manufactured?

Assume the following from a schedule of cost of goods manufactured (the company uses no indirect materials in production): $ 10,000 $ 14,000 $ 3,000 $ 6,000 $ 38,000 $ 17,000 Actual manufacturing overhead costs incurred $ 34,000 Manufacturing overhead applied to production$ 32,000 Beginning work in process inventory Ending work in process inventory Beginning raw materials inventory Ending raw materials inventory Purchases of raw materials Direct labor What is the cost of goods manufactured?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 15E: Kenkel, Ltd. uses backflush costing to account for its manufacturing costs. The trigger points are...

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