Last month,a manufacturing company had the following operating results:
What was the cost of goods manufactured for the month?
A) $413,000
B) $411,000
C) $412,000
D) $463,000= (464,000 - 52,000)+ 73,000 - 74,000 = $411,000

Question

Last month,a manufacturing company had the following operating results: 
What was the cost of goods manufactured for the month?
A) $413,000 
B) $411,000 
C) $412,000 
D) $463,000= (464,000 - 52,000)+ 73,000 - 74,000 = $411,000

Quizplus · Accepted Answer

The cost of goods manufactured can be calculated by subtracting the ending work-in-process inventory from the sum of the beginning work-in-process inventory and the total manufacturing costs incurred during the period. Using the given data, we have: 
Beginning Work-in-Process Inventory: $52,000 
+ Total Manufacturing Costs: $464,000 
- Ending Work-in-Process Inventory: $73,000 
= Cost of Goods Manufactured: $411,000 
Therefore, the answer is choice B.

Last Month,a Manufacturing Company Had the Following Operating Results