To calculate the total cost of goods manufactured from total manufacturing costs
A)subtract all period costs from total manufacturing costs.
B)add beginning and subtract ending finished goods inventory to total manufacturing costs.
C)you must know how many goods were sold during the period.
D)add beginning and subtract ending work in process inventory to total manufacturing costs.

Question

Quizplus · Accepted Answer

To calculate the total cost of goods manufactured, we need to add the beginning work in process inventory to the total manufacturing costs and then subtract the ending work in process inventory. This is because the total cost of goods manufactured includes all the costs of the goods that were completed (i.e., moved from work in process inventory to finished goods inventory) during the period.

To Calculate the Total Cost of Goods Manufactured from Total