Answer:
1. $283,400
2. $214,968
3. $790,468
4. $780,168
5. $781,868
Explanation:
Material used = Beginning Materials + Purchases - Ending Materials
= $35,800 + $304,500 - $40,400
= $299,900
Then,
<em>Direct Materials Used = Total Materials Used - Indirect Material</em>
= $299,900 - $16,500
= $283,400
Applied overhead = Application Rate × Actual Activity
= 78% × $275,600
= $214,968
Calculation of Total Manufacturing Costs
Direct Materials $283,400
Direct Labor $275,600
Overheads Applied $214,968
Indirect Materials $16,500
Total Manufacturing Costs $790,468
Cost of Goods Manufactured = Beginning Work in Process Inventory + Manufacturing Costs - Ending Work in Process Inventory
= $110,600 + $790,468 - $120,900
= $780,168
Cost of goods sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending Finished Goods Inventory
= $ 24,400 + $780,168 - $22,700
= $781,868
