Answer:
Cost of good manufactured= $841700
Explanation:
To calculate the cost of manufactured goods we need to use the following formula:
Cost of good manufactured= Beginning work in progress+ direct materials of the period + direct labor + manufactured overhead - ending work in progress
Beginning work in progress= $152000
Direct materials = beginning inventory + purchase - ending inventory= 269000 +131000 - 52000= 348000
Direct labor= 73120
Manufactured overhead=ndirect Materials + Indirect Labor + Depreciation on Factory Plant and Equipment + Plant Utilities and Insurance= 52700 + 133500 + 73780 + 71600= $331580
Ending work in progress= 63000
Cost of good manufactured= 152000 + 348000 + 73120 + 331580 - 63000= $841700