sub : AccountingPlease answer ASAP. DONT CHATGPT. i ll upvote thank you Raw Materials Inventory, $38,000; Work in Process Inventory, $86,000; and Finished Goods Inventory, $16,000. During theaccounting period, the company purchased $56,000 of raw materials and ended the period with $12,000 in raw materialInventory. Direct labor costs for the period were $116,000 and $32,000 of manufacturing overhead costs were allocated towork in process. There was no over- or underapplied overhead. Ending work in process was $78,000 and ending finishedgoods was $31,000. Goods were sold during the period for $346,000. The amount of cost of goods manufactured (.e..amount transferred from work in process to finished goods) would be:Multiple Choice$234,000.$238,000$185.500.$289,000

Solution The cost of goods manufactured is the calculation of total cost of production of the…

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The amount of cost of goods manufactured (...

College Accounting, Chapters 1-27

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ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

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Question

sub : Accounting

Please answer ASAP. DONT CHATGPT. i ll upvote thank you

Raw Materials Inventory, $38,000; Work in Process Inventory, $86,000; and Finished Goods Inventory, $16,000. During the
accounting period, the company purchased $56,000 of raw materials and ended the period with $12,000 in raw material
Inventory. Direct labor costs for the period were $116,000 and $32,000 of manufacturing overhead costs were allocated to
work in process. There was no over- or underapplied overhead. Ending work in process was $78,000 and ending finished
goods was $31,000. Goods were sold during the period for $346,000. The amount of cost of goods manufactured (.e..
amount transferred from work in process to finished goods) would be:
Multiple Choice
$234,000.
$238,000
$185.500.
$289,000

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