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Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year:

Work in Process, January 1 $ 50,000
Work in Process, December 31 37,000
Direct materials used $ 12,500
Total factory overhead 5,500
Direct labor used 26,500

Respuesta :

Answer:

$44,500

Explanation:

Given that,

Work in Process, January 1 = $ 50,000

Work in Process, December 31 = 37,000

Direct materials used = $ 12,500

Total factory overhead = $5,500

Direct labor used = $26,500

Total manufacturing costs incurred during the year:

= Direct material used + Direct labor used + Total factory overhead

= $12,500 + $26,500 + $5,500

= $44,500

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