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Prepare the schedule of cost of goods manufactured for Barton Company using the following information. Direct materials $ 200,000 Direct labor 64,000 Factory overhead costs 25,200 Work in process, beginning 157,600 Work in process, ending 152,500

Answer :

facundobuzzetti

Answer:

cost of goods manufactured= $294,300

Explanation:

The cost of goods manufactured is calculated using the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

schedule of cost of goods manufactured:

Beginning WIP= 157,600

Direct material= 200,000

Direct labor= 64,000

Allocated overhead= 25,200

Ending WIP= (152,500)

cost of goods manufactured= $294,300

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