Juliet Corporation has accumulated the following accounting data for the year: The cost of goods manufactured for the year is:
A) $200.
B) $1,000.
C) $5,000.
D) $6,400.
E) $8,200.

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. The given data indicates that the cost of goods manufactured is $5,000.

Juliet Corporation Has Accumulated the Following Accounting Data for the Year