The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, beginning 18,000 Work in process, ending 28,000 What is the cost of goods manufactured?

$122000

Explanation:

Given:

Cost of materials used = $45,000

Direct labor costs = $48,000

Factory overhead = $39,000

Beginning work in progress = $18,000

Ending Work in Process = $28,000

Question asked:

What is the cost of goods manufactured ?

Solution:

Cost of goods manufactured = Direct Materials Used  + Direct Labor Used  + Manufacturing Overhead  + Beginning Work in Process - Ending Work in Process

Cost of goods manufactured = $45,000 +  $48,000 + $39,000 + $18,000 -  $28,000

Cost of goods manufactured = $122000

Therefore, cost of goods manufactured of Gunner Manufacturing is $122000.

answer; intensive use of a sales force and is relatively costly;