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Current information for the Healey Company follows: Beginning raw materials inventory $ 15,200 Raw material purchases 60,000 Ending raw materials inventory 16,600 Beginning work in process inventory 22,400 Ending work in process inventory 28,000 Direct labor 42,800 Total factory overhead 30,000 All raw materials used were direct materials. Healey Company's total manufacturing costs for the year are:

Respuesta :

Calculation for Healey Company's total manufacturing costs for the year:-

We are given,

  1. Beginning raw materials inventory           $ 15,200
  2. Raw material purchases                            $ 60,000
  3. Ending raw materials inventory                $ 16,600    
  4. Beginning work in process inventory      $ 22,400  
  5. Ending work in process inventory            $ 28,000
  6. Direct labor                                                $ 42,800
  7. Total factory overhead                               $ 30,000

As We Know,

Total Manufacturing Costs = Raw Materials Used + Direct Labor + Factory Overhead

Raw materials used = Beginning Raw Materials Inventory + Raw Materials Purchases - Ending Raw Materials Inventory

⇒  15,200 + 60,000 - 16,600 = 58,600

Raw materials used = 58,600

58,600 + 42,800 + 30,000 = 131,400

Cost of goods manufactured = Beginning Work in Process + Total Manufacturing Costs - Ending Work in Process

⇒ 22,400 + 131,400 - 28,000 = $125,800

Therefore,  Healey Company's total manufacturing costs for the year is  $125,800

To know more about total manufacturing costs, check the given links.

https://brainly.com/question/8873972

https://brainly.com/question/13767214

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