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Stephenson Company's Computer System Recently Crashed, Erasing Much of the Company's

question 46

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Stephenson Company's computer system recently crashed, erasing much of the company's financial data. The following accounting information was discovered soon afterwards on the CFO's back-up computer data.  Cost of Goods Sold $380,000 Work-in-Process Inventory, Beginning 30,000 Work-in-Process Inventory, Ending 40,000 Selling and Administrative Expense 50,000 Finished Goods Inventory, Ending 15,000 Finished Goods Inventory, Beginning ? Direct Materials Purchased 171,000 Factory Overhead Applied 112,000 Operating Income 22,000 Direct Materials Inventory, Beginning 18,000 Direct Materials Inventory, Ending 6,000 Cost of Goods Manufactured 340,000 Direct Labor 55,000\begin{array}{lr}\text { Cost of Goods Sold } & \$ 380,000 \\\text { Work-in-Process Inventory, Beginning } & 30,000 \\\text { Work-in-Process Inventory, Ending } & 40,000 \\\text { Selling and Administrative Expense } & 50,000 \\\text { Finished Goods Inventory, Ending } & 15,000 \\\text { Finished Goods Inventory, Beginning } & ?\\\text { Direct Materials Purchased } & 171,000 \\\text { Factory Overhead Applied } & 112,000 \\\text { Operating Income } & 22,000 \\\text { Direct Materials Inventory, Beginning } & 18,000 \\\text { Direct Materials Inventory, Ending } & 6,000 \\\text { Cost of Goods Manufactured } & 340,000 \\\text { Direct Labor } & 55,000\end{array} The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end.
What should be the amount of total manufacturing cost?

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Apologize

To express regret for an offense or fault.

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The process of conveying unfavorable or disappointing information to individuals in a sensitive and thoughtful manner.

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An advice or suggestion given by someone with knowledge or expertise on a certain matter.

Obligation

A duty or commitment that an individual is required or morally compelled to fulfill.

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