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Use the following inventory data to compute the cost of goods manufactured for the year: Direct Materials Used $10,000 Manufacturing Overhead 21,000 Work-in-Process Inventory: Beginning
Use the following inventory data to compute the cost of goods manufactured for the year:
| Direct Materials Used | $10,000 |
| Manufacturing Overhead | 21,000 |
| Work-in-Process Inventory: |
|
| Beginning | 5,000 |
| Ending | 3,000 |
| Direct Labor | 7,000 |
| Finished Goods Inventory: |
|
| Beginning | 15,000 |
| Ending | 13,000 |
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