Compute the total work-in-process during the year

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The Moundsview Company provided you with the following information for the fiscal year ending on December 31:

Work-in-process inventory, 12/31

$115,800

Finished goods inventory, 1/1

614,800

Direct labor costs incurred

2,008,600

Manufacturing overhead costs

5,368,800

Direct materials inventory, 1/1

501,600

Finished goods inventory, 12/31

1,022,000

Direct materials purchased

3,500,400

Work-in-process inventory, 1/1

202,000

Direct materials inventory, 12/31

338,800

(a) Compute the total manufacturing costs incurred during the year.

(b) Compute the total work-in-process during the year.

(c) Compute the cost of goods manufactured during the year.

(d) Compute the cost of goods sold during the year.

Reference no: EM131767494

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