Answer:
$122000
Explanation:
Given:
Cost of materials used = $45,000
Direct labor costs = $48,000
Factory overhead = $39,000
Beginning work in progress = $18,000
Ending Work in Process = $28,000
Question asked:
What is the cost of goods manufactured ?
Solution:
Cost of goods manufactured = Direct Materials Used + Direct Labor Used + Manufacturing Overhead + Beginning Work in Process - Ending Work in Process
Cost of goods manufactured = $45,000 + $48,000 + $39,000 + $18,000 - $28,000
Cost of goods manufactured = $122000
Therefore, cost of goods manufactured of Gunner Manufacturing is $122000.
