Direct Materials January 1 = $ 77,000 Direct Materials December 31 = 40,000 WIP January 1 = 66,000 WIP December 31 = 42,000 Finished Goods January 1 = 115,000 Finished Goods December 31 = 100,000 Other Information : Direct Materials Purchased = $ 324,000 Cost of Goods Available for Sale = 950,000 Actual Factory Overhead = 206,000 The cost of goods manufactured during the year is : Student Answer : $ 850,000 . $ 348,000 . $ 672,000 . $ 835,000 . $ 811,000 .
Question 15 . Question : If a firm has 1,200 completed and transferred out units , 200
Direct Materials January 1 = $ 77,000 Direct Materials December 31 = 40,000 WIP January 1 = 66,000 WIP December 31 = 42,000 Finished Goods January 1 = 115,000 Finished Goods December 31 = 100,000 Other Information : Direct Materials Purchased = $ 324,000 Cost of Goods Available for Sale = 950,000 Actual Factory Overhead = 206,000 The cost of goods manufactured during the year is : Student Answer : $ 850,000 . $ 348,000 . $ 672,000 . $ 835,000 . $ 811,000 .
Question 15 . Question : If a firm has 1,200 completed and transferred out units , 200