Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year:
A) $13,000.
B) $44,500.
C) $57,500.
D) $94,500.
E) $52,000.

Question

Use the cost information below for Ruiz, Inc. to determine cost of goods manufactured for the year: 
A) $13,000. 
B) $44,500. 
C) $57,500. 
D) $94,500. 
E) $52,000.

Quizplus · Accepted Answer

Cost of Goods Manufactured = Costs Added + Beginning Work in Process − Ending Work in Process
Cost of Goods Manufactured = ($12,500 + $26,500 + $5,500) + $50,000 − $37,000 = $57,500 11eaadfd_cdcb_86b7_95d8_a3b8480ad5be_TB6948_00

Use the Cost Information Below for Ruiz, Inc