FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
31
Current information for the Healey Company follows:
Beginning raw materials inventory
Raw material purchases
Ending raw materials inventory
Beginning work in process inventory
Ending work in process inventory
Direct labor
Total factory overhead
$ 17,200
62,000
18,600
24,400
30,000
44,000
32,000
All raw materials used were direct materials. Healey Company's cost of goods manufactured for the year is:
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Transcribed Image Text:31 Current information for the Healey Company follows: Beginning raw materials inventory Raw material purchases Ending raw materials inventory Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead $ 17,200 62,000 18,600 24,400 30,000 44,000 32,000 All raw materials used were direct materials. Healey Company's cost of goods manufactured for the year is:
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