Given the Following Data for Mehring Company, Compute (A) Total

question 107

Short Answer

Given the following data for Mehring Company, compute (A) total manufacturing costs and (B) cost of goods manufactured: $\begin{array}{lrlr}\text { Direct materials used } & \$ 230,000 & \text { Beginning work in process } & \$ 30,000 \\\text { Direct labor } & 150,000 & \text { Ending work in process } & 15,000 \\\text { Manufacturing overhead } & 255,000 & \text { Beginning finished goods } & 38,000 \\\text { Operating expenses } & 263,000 & \text { Ending finished goods } & 23,000\end{array}$

$\begin{array}{lll}&(A)&(B)\\\text { a. } & \$ 620,000 & \$ 650,000 \\\text { b. } & \$ 635,000 & \$ 620,000 \\\text { c. } & \$ 635,000 & \$ 650,000 \\\text { d. } & \$ 650,000 & \$ 665,000\end{array}$

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Definitions:

Summarized

The process of presenting data or information in a condensed form, highlighting key findings or patterns.

Descriptive Statistics

Statistical measures that describe and summarize the main features of a collection of data without drawing conclusions about a larger population.

Histogram

A graphical representation that displays the distribution of data using bars of different heights.

Age Distribution

The frequency of different ages or age groups in a given population.