Answer:
$44,500
Explanation:
Given that,
Work in Process, January 1 = $ 50,000
Work in Process, December 31 = 37,000
Direct materials used = $ 12,500
Total factory overhead = $5,500
Direct labor used = $26,500
Total manufacturing costs incurred during the year:
= Direct material used + Direct labor used + Total factory overhead
= $12,500 + $26,500 + $5,500
= $44,500
