Using the information below for Talking Toys,Inc.,determine cost of goods manufactured for the year:

A)$13,000.
B)$44,500.
C)$57,500.
D)$94,500.
E)$52,000.

Name: Using the information below for Talking Toys,Inc.,determine cost of goods manufactured for the year: A)$13,000. B)$44,500. C)$57,500. D)$94,500. E)$52,000.
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Question

Using the information below for Talking Toys,Inc.,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 Goods in Process - Ending Goods in Process
Cost of Goods Manufactured = ($12,500 +$26,500 + $5,500) + $50,000 - $37,000= $57,500

Using the Information Below for Talking Toys,Inc