Answer the following questions using the information below:

-What is cost of goods manufactured for 20X3?
A)$230,000
B)$257,000
C)$283,000
D)$355,000

Question

Answer the following questions using the information below:
 
-What is cost of goods manufactured for 20X3?
A)$230,000 
B)$257,000 
C)$283,000 
D)$355,000

Quizplus · Accepted Answer

The cost of goods manufactured is calculated by adding the beginning work in process inventory to the total manufacturing costs and then subtracting the ending work in process inventory. The correct answer is $257,000.

Answer the Following Questions Using the Information Below