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Homework answers / question archive / Buffin Manufacturing Company reported the following year-end information: Beginning work in process inventory $1,420,000 Ending work in process inventory 1,200,000 Direct Materials 1,010,000 Direct labor 1,300,000 Manufacturing overhead 960,000 Buffin Manufacturing Company's cost of goods manufactured for the year is

Buffin Manufacturing Company reported the following year-end information: Beginning work in process inventory $1,420,000 Ending work in process inventory 1,200,000 Direct Materials 1,010,000 Direct labor 1,300,000 Manufacturing overhead 960,000 Buffin Manufacturing Company's cost of goods manufactured for the year is

Accounting

Buffin Manufacturing Company reported the following year-end information:

Beginning work in process inventory $1,420,000

Ending work in process inventory 1,200,000

Direct Materials 1,010,000

Direct labor 1,300,000

Manufacturing overhead 960,000

Buffin Manufacturing Company's cost of goods manufactured for the year is

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Computation of Cost of Goods Manufactured:

Cost of Goods Manufactured = Direct Material + Direct Labor + Manufacturing Overhead + Beginning Work In Progress - Ending Work In Progress

= $1,010,000 + $1,300,000 + $960,000 + $1,420,000 - $1,200,000

Cost of Goods Manufactured = $3,490,000

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