Desrevisseau Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in Process inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month. During the month, the company incurred direct materials cost of $63,000 and direct labor cost of $39,000. The actual manufacturing overhead cost incurred was $40,000. The manufacturing overhead cost applied to jobs was $43,000. The cost of goods manufactured for August was:

Question

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The cost of goods manufactured is calculated as: Beginning Work in Process Inventory + Direct Materials + Direct Labor + Applied Manufacturing Overhead - Ending Work in Process Inventory. This equals $10,000 + $63,000 + $39,000 + $43,000 - $22,000 = $133,000.