For the Month of January,Year 1,Ghent Corporation Had a Beginning

Essay

For the month of January,Year 1,Ghent Corporation had a beginning balance of $103,200 in work in process.During the month,the company added the following costs to work in process: direct materials,$90,900; direct labor,$54,000; and manufacturing overhead,$81,000.The ending amount of work in process was $37,400.What was the cost of goods manufactured for the period? Prepare a schedule that shows the calculation of the cost of goods manufactured.