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