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Rediger Incorporated a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $32,000 at the beginning of the month and $22,000 at the end of the month. During the month, the Corporation incurred direct materials cost of $57,000 and direct labor cost of $31,000. The actual manufacturing overhead cost incurred was $54,000. The manufacturing overhead cost applied to Work in Process was $53,000. The cost of goods manufactured for June was: Multiple Choice $152,000.
Rediger Incorporated a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $32,000 at the beginning of the month and $22,000 at the end of the month. During the month, the Corporation incurred direct materials cost of $57,000 and direct labor cost of $31,000. The actual manufacturing overhead cost incurred was $54,000. The manufacturing overhead cost applied to Work in Process was $53,000. The cost of goods manufactured for June was: Multiple Choice $152,000.$151,000.
$141,000.
$142,000.
Final answer:Thecost of goods manufacturedfor June was$151,000.Explanation:To calculate thecost of goods manufactured, we need to consider the following:BeginningWork in Process inventory: $32,000Direct materials cost: $57,000Direct labor cost: $31,000Actualmanufacturing overhead cost: $54,000Manufacturing overhead cost applied to Work in Process: $53,000Ending Work in Process inventory: $22,000The formula to calculate the cost of goods manufactured is:Cost of Goods Manufactured = Beginning Work in Process + Direct Materials Cost + Direct Labor Cost + Manufacturing Overhead Cost Applied - Ending Work in ProcessPlugging in the values:Cost of Goods Manufactured = $32,000 + $57,000 + $31,000 + $53,000 - $22,000 =$151,000Learn more about calculating thecost of goods manufacturedhere:brainly.com/question/28364781#SPJ14...