Answer:
cost of goods manufactured= $161,800
Explanation:
Giving the following information:
Beginning Work in Process inventory= $41,000
Ending Work in Process inventory= $26,500
Direct materials= $58,800
Direct labor cost= $33,700.
The manufacturing overhead cost applied to Work in Process was $54,800.
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
<u></u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + <u>allocated manufacturing overhead</u> - Ending WIP
cost of goods manufactured= 41,000 + 58,800 + 33,700 + 54,800 - 26,500
cost of goods manufactured= $161,800
