The following information is from ABC Company's general ledger: Beginning and ending inventories, respectively, for raw materials were $16,000 and $20,000 and for work in process were $40,000 and $44,000.Raw material purchases and direct labor costs incurred were $72,000 each, and manufacturing overhead applied amounted to $40,000.Determine the total cost of goods manufactured during the period.
A)$176,000.
B)$180,000.
C)$184,000.
D)$220,000.

Question

Quizplus · Accepted Answer

Total cost of goods manufactured = Beginning raw materials inventory + Raw material purchases + Direct labor costs + Manufacturing overhead applied - Ending raw materials inventory - Ending work in process inventory= $16,000 + $72,000 + $72,000 + $40,000 - $20,000 - $44,000= $176,000

The Following Information Is from ABC Company's General Ledger: Beginning