Koczela Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 20,000 $ 15,000 Finished goods $ 49,000 $ 53,000 Additional information: Direct materials $ 60,000 Direct labor cost $ 90,000 Manufacturing overhead cost incurred $ 66,000 Manufacturing overhead cost applied to Work in Process $ 64,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for May is:

$219,000

Explanation:

For computation of cost of goods manufactured for May first we need to find out the total manufacturing cost is shown below:-

Total manufacturing cost = Direct material + Direct labor + Manufacturing overhead cost applied to Work in Process

= $60,000 + $90,000 + $64,000

= $214,000

cost of goods manufactured for May = Total manufacturing cost + Beginning work in progress - Ending work in progress

= $214,000 + $20,000 - $15,000

= $234,000 - $15,000

= $219,000

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