Bryant Company incurred costs of $50,000 for direct materials (raw) purchased. Direct labor was $60,000 and factory overhead was $35,000 for May.

This is an accounting assignment that is complicated Classify
February 12, 2020
I really don’t understand how to calculate this: XYZ Company
February 12, 2020

(TCO 2)

Bryant Company incurred costs of $50,000 for direct materials (raw) purchased. Direct labor was $60,000 and factory overhead was $35,000 for May.

Inventories were as follows:

Raw materials beginning $14,000; raw materials ending $10,000

Work-in-process beginning $24,000; work-in-process ending $36,000

Finished goods beginning $10,000; finished goods ending $25,000

Required: Calculate the cost of goods manufactured for May for Bryant Company. You need to show your work.

 
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