Ruggeri Corporation reported the following data for the month of July:
-The cost of goods manufactured for July was:
A) $152,000
B) $172,000
C) $177,000
D) $162,000

Question

Ruggeri Corporation reported the following data for the month of July: 
-The cost of goods manufactured for July was:
A) $152,000 
B) $172,000 
C) $177,000 
D) $162,000

Quizplus · Accepted Answer

The cost of goods manufactured is calculated by adding total manufacturing costs to the beginning work in process inventory and subtracting the ending work in process inventory. The correct calculation leads to $172,000.

Ruggeri Corporation Reported the Following Data for the Month of July