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Dodd Corporation used $90,000 of direct material, $112,000 of direct labor, and applied $104,000 of manufacturing overhead during July. Its beginning and ending work-in-process and finished goods inventories were as follows:

-What was Dodd's cost of goods manufactured for July?
A)$314,000
B)$306,000
C)$298,000
D)$390,000

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Dodd Corporation used $90,000 of direct material, $112,000 of direct labor, and applied $104,000 of manufacturing overhead during July. Its beginning and ending work-in-process and finished goods inventories were as follows:
 
-What was Dodd's cost of goods manufactured for July?
A)$314,000 
B)$306,000 
C)$298,000 
D)$390,000

Quizplus · Accepted Answer

The cost of goods manufactured is calculated as the total manufacturing costs plus beginning work in process inventory minus ending work in process inventory. Based on the given options, $314,000 is the correct calculation for Dodd's cost of goods manufactured for July.

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