Answer: cost of goods manufactured during the current year: $95,600
Explanation:
Cost of goods manufactured = Direct materials + Direct labor + Manufacturing Overhead
But
Manufacturing Overhead= Cost added during accounting period + beginning work-in-process - ending work-in-process
= $51,100 + $11,500 - $12,100
=$50,500
Cost of goods manufactured = Direct materials + Direct labor + Manufacturing Overhead
=$19,800 + $25,300 + $50,500
=$95,600
or Using the formulae
Costs Added = Direct Materials Used + Direct Labor + Factory Overhead
=$19,800 + $25,300 + $51,500 = $96,200
Cost of Goods Manufactured = Costs Added + Beginning Work in Process − Ending Work in Process Cost of Goods Manufactured
$96,200+ $11,500 - $12,100=$95,600
