Disc Golf manufacturer, Throw-it-Far Inc is working on completing their accounting information for AugustInventories:August 1August 31Raw material$15,000$18,000Work in process6,0009,000Finished goods36,00027,000Additional information for December: Raw material purchased$42,000 Direct labor hours5,000 Direct labor rate per hour7.50 Overhead rate per direct labor hour10.00 For December, Cost of Goods Manufactured wasGroup of answer choicesa)$118,000.b)$109,000.c)$112,000.d)$117,500

Cost of goods manufactured: Cost of goods manufactured is the total manufacturing costs which…

Answered: Disc Golf manufacturer, Throw-it-Far…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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Disc Golf manufacturer, Throw-it-Far Inc is working on completing their accounting information for August

Inventories:	August 1	August 31
Raw material	$15,000	$18,000
Work in process	6,000	9,000
Finished goods	36,000	27,000
Additional information for December:
Raw material purchased	$42,000
Direct labor hours	5,000
Direct labor rate per hour	7.50
Overhead rate per direct labor hour	10.00

For December, Cost of Goods Manufactured was

Group of answer choices

a)$118,000.

b)$109,000.

c)$112,000.

d)$117,500

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