Use the following information to answer the question that follows N Direct material used-----------------64,000 Direct labour--------------------------30,00...

Use the following information to answer the question that follows

                                                       N
Direct material used-----------------64,000
Direct labour--------------------------30,000
Production overheads--------------22,000
Work-in-progress at beginning-----9,000
Work-in-progress at close---------14,000

The total cost of production is

Answer Details

The total cost of production is 116,000. To arrive at the total cost of production, we need to add up the direct material used, direct labour, and production overheads. Direct material used = 64,000 Direct labour = 30,000 Production overheads = 22,000 Total cost of production = Direct material used + Direct labour + Production overheads Total cost of production = 64,000 + 30,000 + 22,000 Total cost of production = 116,000 Therefore, the total cost of production is 116,000.