Information for the Deuce Manufacturing Company Follows

question 246

Essay

Information for the Deuce Manufacturing Company follows. Compute the cost of goods manufactured for this company.
$$\begin{array} { l | l } \text { Begining raw materials inventory } & \$ 53,200 \\\hline \text { Beginging work in process, inventory } & 78,400 \\\hline \text { Ending raw materials inventory } & 58,100 \\\hline \text { Ending work in process, inventory } & 98,000 \\\hline \text { Direct labor } & 149,800 \\\hline \text { Total factory overhead } & 105,000 \\\hline \text { Raw material purchases } & 210,000\end{array}$$

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Definitions:

Distributive Property

A property indicating that multiplying a sum by a number gives the same result as multiplying each addend by the number and then adding the products.

Principal Investment

The initial amount of money invested, before any earnings or interest.

Simple Interest

A method of calculating the interest charge on a loan or financial investment based on the initial principal and a fixed interest rate over time.

Interest Rate

The proportion, typically expressed as a percentage, at which interest is charged on a loan or paid on savings.