Using the information below,calculate the cost of goods manufactured for the period.
A)$553,000.
B)$536,000.
C)$549,000.
D)$527,000.
E)$525,000.

Question

Using the information below,calculate the cost of goods manufactured for the period. 
A)$553,000. 
B)$536,000. 
C)$549,000. 
D)$527,000. 
E)$525,000.

Quizplus · Accepted Answer

Beginning Finished Goods + Cost of Goods Manufactured - Ending Finished Goods = Cost of Goods Sold
$80,000 + Cost of Goods Manufactured - $67,000 = $540,000
Cost of Goods Manufactured + $13,000 = $540,000; Cost of Goods Manufactured = $527,000

Using the Information Below,calculate the Cost of Goods Manufactured for the Period