Question
Use the information from Abbott Labs to compute total manufacturing costs for the year ended December 31, 2021. The schedule below will help you
Use the information from Abbott Labs to compute total manufacturing costs for the year ended December 31, 2021. The schedule below will help you with the computations: Abbott Laboratories Summary of Cost of Goods Sold for the year ended December 31, 2021 (amounts in millions) Cost of goods manufactured Add: Beginning Finished Goods inventory (Dec 31, 2020) Cost of goods available for sale Less: Ending finished goods inventory (Dec. 31, 2021) Cost of goods sold Abbott Laboratories Schedule of Cost of Goods Manufactured for the year ended December 31, 2021 (amounts in millions) Total manufacturing costs for the year Add: Beginning Work in process inventory (Dec 31, 2020) Total cost of work in process during the year Less: Ending Work in process inventory (Dec 31, 2021) Cost of goods manufactured
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