Niles Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:
Results of operations:

-The cost of goods manufactured for the year was:
A) $190,000
B) $162,000
C) $168,000
D) $135,000

Question

Niles Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:
  Results of operations:
 
-The cost of goods manufactured for the year was:
A) $190,000 
B) $162,000 
C) $168,000 
D) $135,000

Quizplus · Accepted Answer

11ea7761_18ef_99e0_81a5_fbe31aad063b_TB2580_00 Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory - Ending work in process inventory
Cost of goods manufactured = $176,000 + $17,000 - $31,000 = $162,000

Niles Corporation Is a Manufacturer That Uses Job-Order Costing