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The following information is available for Tomlin Company. April 1 April 30 Raw materials inventory $10,500 $14,000 Work in process inventory 4,840 3,700 Materials purchased in April $97,700 Direct labor in April 80,300 Manufacturing overhead in April 162,000

Respuesta :

Answer:

Cost of goods manufactured = 337,640

Explanation:

The question is to compute Tomlin's Cost of Goods Manufactured Schedule of the Month of April and this is done as follows:

TOMLIN COMPANY COST OF GOODS MANUFACTURED SCHEDULE FOR THE MONTH OF APRIL

Description                                            Amount ($)                        Amount ($)

Beginning Work-in-progress                                                                4,840

Direct Materials:

Beginning Raw materials                       10,500

Add: The Purchases                                97,700

Raw materials available                         108,200

Subtract: Closing Raw materials             (14,000)

Direct Material Used                             94,200

Direct Labour                                          80,300

Manufacturing Overhead                      162,000

Total Work-in-progress cost                                                               341,340

Subtract ending work-in-progress                                                        3,700

Cost of Goods manufactured                                                             337,640

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