Champagne of the south, inc., a manufacturer of bottled sweet tea, had the following beginning and ending inventories for the year ended december 31, 2013: january 1 december 31 raw materials inventory* $10,000 $1 comma 702 work in process inventory $17 comma 895 $17,000 finished goods inventory $21,000 $16,500 *raw materials inventory consists of both direct material and indirect material. during the year, direct labor costs of $30,000 were incurred, manufacturing overhead totaled $42,000, materials purchased were $27,000, and selling and administrative costs were $22,000. champagne sold 25,000 units of product during the year at a sales price of $5.00 per unit. what were the total manufacturing costs for the year assuming $2 comma 129 of indirect materials were used during the period

total manufacturing cost added for the period 105,169

Cost of goods manufactured 106,064

Cost of goods sold 110,564

Explanation:

First, we need to know the amount of direct materials used in production.

beginning raw materials 10,000

purchase                         27,000

ending                               (1,702)

indirect materials              (2,129)  

direct materials                33,169

now, we calculate the cost added during the period

direct materials    33,169

direct labors         30,000

overhead              42,000

total cost added 105,169

next step, we calculate the cost of goods manufactured from the WIP

WIP                     17,895

added               105,169

WIP ending       (17,000)  

COGM             106,064

And last, the cost of goods sold

beginning finished goods  21,000

COGM                                106,064

ending finished goods      (16,500)  

          COGS                      110,564

15 pounds of apples and 6 cups of flour

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: