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ABC Manufacturing Company, Inc. Cost of goods manufactured

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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.

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Solution Summary

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

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Carol Sargent, PhD
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  • MSc, University of Virginia
  • PhD, Georgia State University
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