Rediger Inc. a manufacturing company, has provided the following data for the month of June. The balance in the Work in Process inventory account was $22,000 at the beginning of the month and $17,000 at the end of the month. During the month, the company incurred direct materials cost of $55,000 and direct labor cost of $28,000. The actual manufacturing overhead cost incurred was $53,000. The manufacturing overhead cost applied to jobs was $51,000. The cost of goods manufactured for June was: . a. $141,000
b. $139,000
c. $134,000
d. $136,000

b. $139,000

Explanation:

The cost of goods manufactured is the total costs incurred in the month of June in producing goods which comprise direct costs of labor, direct materials,factory overhead and so on shown in the attached excel file.

Rediger Inc.  

Cost of goods manufactured schedule  

Direct materials purchased  $55,000  

Direct labor                        $28,000  

Total direct costs                 $83,000  

factory overhead                  $51,000  

Total manufacturing costs  $134,000  

Work in process  1/1          $22,000  

Work in process  12/31         ($17,000)

Cost of goods manufactured      $139,000  

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.