Answer:
total manufacturing cost= $165,000
Explanation:
Giving the following information:
The cost of goods manufactured during the year is $240,000, and work in process inventory on December 31 is $50,000. Work in process inventory during the year decreased by 60%.
Beginning WIP inventory= 50,000/0.40= 125,000
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
240,000= 83,333 + total manufacturing cost - 50,000
total manufacturing cost= 240,000 - 125,000 + 50,000
total manufacturing cost= $165,000
