Explore BrainMass

Explore BrainMass

    ABC Manufacturing Company, Inc. Cost of goods manufactured

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The following information pertains to ABC Manufacturing Company, Inc.
    Beginning Work in Process Inventory = $50,000
    Ending Work in Process Inventory = $48,000
    Beginning Finished Goods Inventory = $180,000
    Ending Finished Goods Inventory = $195,000
    Cost of Goods Manufactured = $1,220,000
    What is the cost of goods sold?

    a $1,235,000.
    b $1,205,000.
    c $1,218,000.
    d $1,222,000.

    © BrainMass Inc. brainmass.com June 4, 2020, 2:47 am ad1c9bdddf
    https://brainmass.com/business/accounting/cost-goods-manufactured-abc-inc-example-479632

    Solution Summary

    This solution provides steps to determine the cost of goods manufactured.

    $2.19

    ADVERTISEMENT