Homework Answers
Solution:
Cost of goods manufactured = Beginning WIP + Direct materials used + Direct labor + Overhead applied - Ending WIP
= ($6,000 + $2,000 + $3,600) + ($45,000 - $2,000) + $40,000 + ($40,000*180%) - ($4,800 + $3,000 + $3,000*180%)
= $11,600 + $43,000 + $40,000 + $72,000 - $13,200
= $153,400
Hence option A is correct.
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