Which of the following is the cost of goods manufactured?
A) $1,250.
B) $1,200.
C) $1,220.
D) $1,150.= 500 + 300 + 400 + 100 - 150 = $1,150

Question

Quizplus · Accepted Answer

The cost of goods manufactured is calculated by adding up all the direct materials, direct labor, and factory overhead incurred during the manufacturing process and then subtracting any ending work in process inventory. In this case, the direct materials, direct labor, and factory overhead add up to $1,300, but there is an ending work in process inventory of $150, so the cost of goods manufactured is $1,150 (option D).

Which of the Following Is the Cost of Goods Manufactured