Calculate the cost of goods manufactured using the following information:
A) $680,500.
B) $701,900.
C) $687,100.
D) $674,600.
E) $772,600.

Question

Quizplus · Accepted Answer

The cost of goods manufactured is calculated by adding the total manufacturing costs to the beginning work in process inventory and then subtracting the ending work in process inventory. If specific values for direct materials used, direct labor, manufacturing overhead, beginning, and ending work in process inventories were provided, they would be used in the calculation as follows:Total Manufacturing Costs = Direct Materials Used + Direct Labor + Manufacturing OverheadCost of Goods Manufactured = Total Manufacturing Costs + Beginning Work in Process Inventory - Ending Work in Process InventoryWithout the specific values provided in the question, the exact calculation steps can't be shown, but the correct answer is based on applying the formula with the given data.

Calculate the Cost of Goods Manufactured Using the Following Information