Using the information below for singing dolls, inc., determine the total manufacturing costs incurred during the year: work in process, january 1 $ 50,600 work in process, december 31 37,300 direct materials used 12,800 total factory overhead 5,800 direct labor used 26,800 multiple choice $96,000. $13,300. $58,700. $45,400. $90,200.

$45,400.

Explanation:

The cost for the year will be the sum of the three main cost component:

the direct materials added

the factory overhead applied

and the direct labor cost

Cost Incurred during the year:

direct materials 12,800

factory overhead 5,800

Direct labor 26,800

Total cost added (or ncurred) during the month: 45,400

Beginning WIP                                                        50,600

Total cost to be accounted for                               96,000

Ending      WIP                                                        (37,300)

Cost of goods transferred out                                58,700

answer; i believe that the correct answer is ( owners investment)