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
equivalent units of beginning work in process and 500
ending
work-in-process equivalent units, what is the total of
equivalent
units of production using the weighted-average method?
Student Answer: