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Bloomfield Manufacturing found the following information in its accounting records: $519,800 of direct materials used, $215,000 of direct labor, and $775,800 of manufacturing overhead.

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Bloomfield Manufacturing found the following information in its accounting records: $519,800 of direct materials used, $215,000 of direct labor, and $775,800 of manufacturing overhead. The Work in Process Inventory account had a beginning balance of $63,500 and an ending balance of $85,000. Compute the company's Cost of Goods Manufactured. Complete the following table to determine the cost of goods manufactured. Bloomfield Manufacturing Calculation of Cost of Goods Manufactured For Current Year Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used Direct labor Manufacturing overhead Cost of goods manufactured Less: Ending work in process inventory Total manufacturing costs to account for 63500 519800 215000 775800 1510600 85000 1425600

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