Answer:
The cost of goods sold for the period is:
= $250,600.
Explanation:
a) Data and Calculations:
Beginning Raw Materials Inventory                  $30,600
Ending Raw Materials Inventory                         70,600
Beginning Work in Process Inventory                40,600
Ending Work in Process Inventory                     46,600
Beginning Finished Goods Inventory                72,600
Ending Finished Goods Inventory                     68,600
Cost of Goods Manufactured for the period 246,600
To determine the cost of goods sold:
Beginning Finished Goods Inventory             $ 72,600
Cost of Goods Manufactured for the period  246,600
Cost of goods available for sale                    $319,200
Ending Finished Goods Inventory                    (68,600)
Cost of goods sold                                        $250,600