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Calculate the cost of goods manufactured using the following information: Beginning Raw Materials Inventory: $5,000 Purchases of Raw Materials: $20,000 Ending Raw Materials Inventory: $4,000
Calculate the cost of goods manufactured using the following information:
- Beginning Raw Materials Inventory: $5,000
- Purchases of Raw Materials: $20,000
- Ending Raw Materials Inventory: $4,000
- Direct Labor: $15,000
- Manufacturing Overhead: $10,000
- Beginning Work in Process Inventory: $2,000
- Ending Work in Process Inventory: $3,000
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