Homework Answers
| Schedule of Cost of Goods Manufactured | ||
| Direct materials inventory , January 1 | 22,000 | |
| Add:Direct materials purchases | 146,000 | |
| Raw Material available for use | 168,000 | |
| Less:Direct materials inventory , December 31 | -16,000 | |
| Raw material used | 152,000 | |
| Direct manufacturing labor | 18,000 | |
| Indirect manufacturing cost | 40,000 | |
| Total Manufacturing Cost | 210,000 | |
| Add :Work in process inventory, January 1 | 4,000 | |
| Less: Work in process inventory, December 31 | -110,000 | |
| Cost of goods manufactured | $104,000 | |
Lewisbum's cost of goods manufactured $104,000
Fourth option is correct.
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