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Question
Use the following data to determine the cost of goods manufactured.
| Beginning finished goods inventory | $ 6,200 |
| Direct labor | 15,100 |
| Beginning goods in process inventory | 1,500 |
| General and administrative expenses | 20,000 |
| Direct materials used | 20,500 |
| Ending goods in process inventory | 4,000 |
| Indirect labor | 7,300 |
| Ending finished goods inventory | 5,000 |
| Indirect materials | 3,400 |
| Depreciation factory equipment | 2,000 |
A. $65,800
B. $45,800
C. $49,500
D. $52,300
E. $47,100
Answer
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