The following partially completed T-accounts summarize transactions for Fabatz Company during the year:
-The Cost of Goods Manufactured was:

Question

The following partially completed T-accounts summarize transactions for Fabatz Company during the year:  
-The Cost of Goods Manufactured was:

Quizplus · Accepted Answer

The Cost of Goods Manufactured is the total cost of all goods completed during the period, including direct materials, direct labor, and manufacturing overhead. In this case, we need to add up the following costs: 
Direct Materials: $14,200 
Direct Labor: $6,000
Manufacturing Overhead: $2,400 
Total Cost of Goods Manufactured: $22,600

The Following Partially Completed T-Accounts Summarize Transactions for Fabatz Company