GB 519 RANK Motivated Minds/gb519rank.com GB 519 RANK Motivated Minds/gb519rank.com | Page 29

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: