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Cost of Goods Manufactured = (Beggining Work In process inventory + direct materials used + direct labor + manufacturing overhead) - ending work in process
Cost of Goods Manufactured = (Beggining Work In process inventory + direct materials used + direct labor + manufacturing overhead) - ending work in process inventory
I cant get the right answer using this formula. help.
Suppose a bakkery reports this information: Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Direct Labor Purchases of Raw Materials Manufacturing Overhead What is the cost of goods manufactured? 7,000 6,000 2,000 1,000 5,000 7,000 32,000 99,000 22,000 XA $153,000 B$181,000 C $155,000 OD $152,000Step by Step Solution
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