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Using the information below, calculate the cost of goods manufactured for the period.


1.Beginning Raw Materials Inventory $25,000

2.Ending Raw Materials Inventory $30,000

3,Beginning Work in Process Inventory $55,000

4.Ending Work in Process Inventory $64,000

5.Beginning Finished Goods Inventory $80,000

6.Ending Finished Goods Inventory $67,000

7.Cost of Goods Sold for the period $540,000

8.Sales revenues for the period $1,254,000

9.Operating expenses for the period $232,000


a.$549,000.

b.$527,000.

c.$525,000.

d.$553,000.

e.$536,000.

Respuesta :

facundobuzzetti

Answer:

$527,000= cost of goods manufactured

Explanation:

Giving the following information:

Beginning Finished Goods Inventory $80,000

Ending Finished Goods Inventory $67,000

Cost of Goods Sold for the period $540,000

To calculate the cost of goods manufactured, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

540,000= 80,000 + cost of goods manufactured - 67,000

527,000= cost of goods manufactured

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