What is the cost of goods manufactured ifbeginning work in process was $30,000,ending work in process was $30,000,• raw materials used were $60,000,• direct labor was $50,000, and• manufacturing overhead was $20,000?a) $130,000b) $160,000c) $110,000d) $190,000

To compute the Cost of Goods Manufactured: Raw materials used$ 60,000Direct labor…

Answered: What is the cost of goods manufactured…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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What is the cost of goods manufactured if beginning work in process was $30,000, ending work in process was $30,000, • raw materials used were $60,000, • direct labor was $50,000, and • manufacturing overhead was $20,000? a) $130,000 b) $160,000 c) $110,000 d) $190,000