Respuesta :
If manufacturing overhead cost of goods sold (COGS) are applied to work in process, they result in a cost of goods manufactured for July of $ 232,000 ($67,000).
The direct expenses incurred in creating the products a business sells are referred to as cost of goods sold (COGS). The cost of the materials and labor used directly to make the good are included in this sum. Indirect costs like those manufactured associated with the sales force and distribution are not included.
The cost of goods sold (COGS) is the price of purchasing or producing the things that a business sells over a given period. As a result, only manufactured expenditures that are directly related to the production of the goods, such as labor and material costs, are included in the measure.
Raw Materials Inventories Utilized In Production
Beginning Raw materials $ 41,000
Add Purchases $ 73,000
Less Ending Raw materials ($ 37,000)
Used in Production $ 77,000
Cost of goods manufactured
Raw Materials $ 77,000
Direct labor cost $ 98,000
Manufacturing overhead $ 65,000
Total Cost of Manufacturing $ 240,000
Add Opening Work in process $ 23,000
Less Ending Work in process ($ 31,000)
Cost of goods manufactured $ 232,000
Not that Manufacturing overhead are included to the amount Applied in the Manufacturing Cost
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