Considering the following information, answer the question given below:During the year manufacturing overhead expenses amounted to Rs. 61,100, manufacturing wages to Rs. 40,400 and purchase of raw materials to Rs. 91,900. There were no other direct expenses.The manufacturing cost of finished goods produced were:a)Rs. 1,31,600b)Rs. 1,93,300c)Rs. 1,91,900d)Rs. 1,92,500.Correct answer is option 'D'. Can you explain this answer?

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Considering the following information, answer the question given below:

During the year manufacturing overhead expenses amounted to Rs. 61,100, manufacturing wages to Rs. 40,400 and purchase of raw materials to Rs. 91,900. There were no other direct expenses.

The manufacturing cost of finished goods produced were:

a)
Rs. 1,31,600
b)
Rs. 1,93,300
c)
Rs. 1,91,900
d)
Rs. 1,92,500.

Correct answer is option 'D'. Can you explain this answer?

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Considering the following information, answer the question given below...

Given Data:

Stock of Raw Materials (1st January): Rs. 17,400
Stock of Raw Materials (31st December): Rs. 18,100
Stock of Work-in-progress (1st January): Rs. 11,200
Stock of Work-in-progress (31st December): Rs. 11,400
Stock of Finished Goods (1st January): Rs. 41,500
Stock of Finished Goods (31st December): Rs. 40,700
Manufacturing Overhead Expenses: Rs. 61,100
Manufacturing Wages: Rs. 40,400
Purchase of Raw Materials: Rs. 91,900

Calculations:

Calculate Total Raw Material Consumed: Total Raw Material Consumed = Opening Stock of Raw Materials + Purchases − Closing Stock of Raw Materials
Total Raw Material Consumed = 17,400 + 91,900 − 18,100 = Rs.91,200
Calculate Total Work-in-Progress: Total Work-in-Progress = Opening Work-in-Progress − Closing Work-in-Progress
Total Work-in-Progress = 11,200 − 11,400 = −Rs.200
Calculate Total Cost of Manufacturing: Total Manufacturing Cost = Total Raw Material Consumed + Manufacturing Wages + Manufacturing Overhead Expenses + Total Work-in-Progress
Total Manufacturing Cost = 91,200 + 40,400 + 61,100 − 200 = Rs.1,92,500

The manufacturing cost of finished goods produced is Rs. 1,92,500, which corresponds to Option D: Rs. 1,92,500.

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Considering the following information, answer the question given below:During the year manufacturing overhead expenses amounted to Rs. 61,100, manufacturing wages to Rs. 40,400 and purchase of raw materials to Rs. 91,900. There were no other direct expenses.The manufacturing cost of finished goods produced were:a)Rs. 1,31,600b)Rs. 1,93,300c)Rs. 1,91,900d)Rs. 1,92,500.Correct answer is option 'D'. Can you explain this answer?

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