Francum Company has the following dа ta: direct labor $237,300, direct materials used $192,900, total manufacturing overhead $250,060, and beginning work in process $30,450.

Compute (a) total manufacturing costs and (b) total cost of work in process.

Total manufacturing costs

Total cost of work in process

(a) $680,260

(b) $710,710

Explanation:

Given that,

Direct labor = $237,300

Direct materials used = $192,900

Total manufacturing overhead = $250,060

Beginning work in process = $30,450

(a) Total manufacturing costs:

= Direct materials used + Direct labor + Total manufacturing overhead

= $192,900 + $237,300 + $250,060

= $680,260

(b) Total cost of work in process:

= Beginning work in process + Total manufacturing costs - Closing work in process

= $30,450 + $680,260 + $0

= $710,710