The following data are for Lauren Enterprises: Selling and administrative expenses Direct materials used Direct labor (25,000 hours) Factory overhead application rate Direct materials Work in process Finished goods Beginning $50,000 75,000 40,000 Inventories What is the cost of goods manufactured? Oa. $1,115,000 Ob. $955,000 O c. $950,000 O d. $965,000 $75,000 $265,000 $300,000 $16 per DLH Ending $45,000 90,000 25,000

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.