Cost of Goods Manufactured can be computed as:
A)ending balance of work in process + raw materials used + direct labor costs incurred + manufacturing overhead costs applied - beginning balance of work in process.
B)beginning balance of work in process + raw materials purchased + direct labor costs incurred + manufacturing overhead costs applied - ending balance of work in process.
C)ending balance of work in process + raw materials purchased + direct labor costs incurred + manufacturing overhead costs applied - beginning balance of work in process.
D)beginning balance of work in process + raw materials used + direct labor costs incurred + manufacturing overhead costs applied - ending balance of work in process.

Question

Quizplus · Accepted Answer

Cost of Goods Manufactured is calculated by adding the beginning balance of work in process, raw materials used, direct labor costs, and manufacturing overhead costs applied, then subtracting the ending balance of work in process.

Cost of Goods Manufactured Can Be Computed As