The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred to Finished Goods Inventory. The Work in Process accounts in the assembly and finishing departments had beginning balances of $5,000 and $4,000, respectively. During the period, the following costs were added to each department. Assembly Finishing Direct Materials $ 12,000 $ 15,000 Direct Labor 24,000 46,000 Overhead 16,000 22,000 Also, $47,000 of cost was transferred from the assembly department to the finishing department. Finally, the ending balance in the Work in Process account in the finishing department was $6,000. Based on this information, the cost of goods transferred to the Finished Goods Inventory account was:

A. $81,000.
B. $134,000.
C. $140,000.
D. $128,000.

B.$134,000

Explanation:

Beginning balance                                                $4000

Direct Materials                                                    $15,000

Direct Labor                                                          $46,000

Overheads                                                            $22,000

Cost transferred from Assembly Department    $47,000

Total Cost of Goods Transferred to Finish Goods $134,000

the answer is D. $128,000.

Explanation:

step 1 : determine the total cost incurred by  Finishing department

step 2 : add the cot of goods transfer from assembly department to determine the total cost of goods produced by finishing department

step 3 : deduct the closing inventory from the total cost of goods produced. the diffirence is the total cost of goods transfered to finished inventory

Finishing  Department

Opening inventory                                         $4,000

Direct materials                                                15,000

direct labor                                                        46,000

Overhead                                                            22,000

Goods transfered from Assembly                      47,000

total cost of goods produced                             134,000

Closing Inventory                                                   (6,000)

Cost of goods transfered to finished inventory  128,000

answer; signaling;