Calculate the cost of goods manufactured using the following information:

A)$680,500.
B)$701,900.
C)$687,100.
D)$674,600.
E)$772,600.

Question

Calculate the cost of goods manufactured using the following information:

A)$680,500. 
B)$701,900. 
C)$687,100. 
D)$674,600. 
E)$772,600.

Quizplus · Accepted Answer

Cost of Goods Manufactured = Raw Materials Used + Direct Labor + Factory Overhead + Beginning Goods in Process - Ending Goods in Process
Cost of Goods Manufactured = $298,500 + $132,000 + $264,000 + $118,500 - $125,900 = $687,100

Calculate the Cost of Goods Manufactured Using the Following Information