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Cost of Goods Manufactured

Using the following data for February, calculate the cost of goods manufactured:

Direct materials 34,000
Direct labor 18,000
Manufacturing overhead 17,000
Beginning work in process inventory 13,000
Ending work in process inventory 10,000

The cost of goods manufactured was:

(a) 69,000
(b) 72,000
(c) 66,000
(d) 82,000

Solution Summary

The solution explains how to calculate the cost of goods manufactured.