What was the cost of goods manufactured (finished)for the year (in thousands of dollars)?
A) $540.
B) $500.
C) $570.
D) $590.= 90 + 200 + 230 + 70 - 50 = $540

Question

Quizplus · Accepted Answer

The cost of goods manufactured is calculated by adding direct materials, direct labor, and manufacturing overhead, then adjusting for the change in work in process inventory. The given calculation shows this process, resulting in $540.

What Was the Cost of Goods Manufactured (Finished)for the Year