3 years ago

Assuming that the total manufacturing costs are $3,400,000, compute the cost of goods manufactured using the information below.

Business

1 answer:

kirill115 [55]3 years ago

5 0

Answer:

c. $ 3,409,000

Explanation:

Computation of cost of goods manufactured

The cost of goods manufactured is calculated by adjusting the opening and closing work in process balances to the total manufacturing input

Total manufacturing input $ 3,400,000

Add: Opening work in process $ 27,000

Less: Closing work in process $ ( 18,000)

Cost of goods manufactured $ 3,409,000

The cost of goods manufactured is determined by the total of the input and adding the differnce in opening and closing work in process balances.

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