The following data apply to Brewers Ltd
Calculate the cost of goods manufactured during the year.
A) $122 000
B) $135 000
C) $145 000
D) $150 000

Question

The following data apply to Brewers Ltd 
Calculate the cost of goods manufactured during the year.
A) $122 000 
B) $135 000 
C) $145 000 
D) $150 000

Quizplus · Accepted Answer

The cost of goods manufactured formula is:
Beginning Work in Process + Total Manufacturing Costs - Ending Work in Process
$15,000 (Beginning WIP)
+ $180,000 (Direct materials used + Direct labor + Manufacturing overhead)
- $50,000 (Ending WIP)
= $145,000 (Cost of goods manufactured)

The Following Data Apply to Brewers Ltd