Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year:
A)$98,600.
B)$43,500.
C)$98,000.
D)$42,900.
E)$79,000.

Question

Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year: 
A)$98,600. 
B)$43,500. 
C)$98,000. 
D)$42,900. 
E)$79,000.

Quizplus · Accepted Answer

The cost of goods manufactured is calculated as follows:
Direct Materials + Direct Labor + Factory Overhead + Beginning Work in Process Inventory - Ending Work in Process Inventory = Cost of Goods Manufactured 
$38,500 + $20,000 + $29,500 + $10,000 - $1,000 = $98,000. Therefore, the answer is option C.

Use the Cost Information Below for Sundar Company to Determine