Answer:
COGS= $65,100
Explanation:
Giving the following information:
Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:
Work in Process, January 1 $ 53,800
Work in Process, December 31 38,900
Total Factory overhead 7,400
Direct materials used 14,400
Direct labor used 28,400
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 53,800 + 14,400 + 28,400 + 7,400 - 38,900= 65,100
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= $65,100
