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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.