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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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