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Jonas Corporation used $20,000 of direct materials, incurred $40,000 of direct labor cost, and applied $30,000 of manufacturing overhead to jobs this period. No jobs were incomplete at the beginning of the period, but at the end of the period, jobs with a total cost of $25,000 were unfinished. What was the cost of goods manufactured for this period?

Respuesta :

TomShelby

Answer:

COGM       65,000

Explanation:

Addding the three cost ocmponent added during the period:

direct materials   +20,000

direct labor cost  +40,000

overhead             +30,000

cost added:          90,000

Now we solve for the cost of goods manufactured (COGM)

beginning WIP 0

added       90,000

ending     (25,000)  

COGM       65,000

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