Costs of Goods Manufactured of SuperK Company Are Shown Below $\quad$

question 53

Multiple Choice

Costs of goods manufactured of SuperK Company are shown below:
SUPERK COMPANY
Cost of Goods Manufactured
Year Ending December 31, 2020
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Beginning wark in process: $\quad$ $\quad$ $\quad$ $\quad$$\$ 15,000$ Direct materials:
$\begin{array}{llcc}\text {Beginning raw materials}&\$14,000\\\text {Raw material purchases}&\underline{22,000}\\\text {Total raw materials available for use}&36,000\\\text {Ending raw materials}&\underline{5,500}\\\text {Direct materials used.}&&30,500\\\text {Direct Labour}&&6,000\\\text {Total manufacturing overhead}&&\underline{10,500}\\\text {Ending work in process.}&&\underline{18,000}\\\text {Cost of Goods Manufactured}&&\underline{\$44,000}\end{array}$
How much is the total manufacturing cost?

• A)$20,500
• B)$23,000
• C)$47,000
• D)$44,000

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Definitions:

Control Limits

Statistical boundaries within a control chart that represent the acceptable range of variation in a process.

Average Range

The mean difference between the highest and lowest values in a set of observations, used as a measure of statistical dispersion.

Inspection Samples

Specific items taken from a larger batch or lot for the purpose of testing or examining them to ensure they meet specified standards.

Control Limits

The boundaries in control charts that signal when a process is out of control and corrective action may be needed.