Answer:
See below
Explanation:
Given the above information, to calculate the cost of manufactured goods, we need to use the formula below;
Cost of goods manufactured = Beginning work in progress + direct materials of the period + direct labor + manufactured overhead - ending work in progress
Beginning work in process = $3,340
Direct materials = Beginning inventory + Purchase - ending inventory
= $22,490
Direct labor = $41,640
Manufactured overhead = (Indirect factory labor + Factory utilities + depreciation, factory equipment + Maintenance , factory equipment + indirect materials) = $5,540 + $420 + $1,760 + $1,890 + $2,530 = $12,140
Ending work in process = $4,470
Therefore,
Cost of goods manufactured = $3,340 + $22,490 + $41,640 + $12,140 - $4,470
Cost of goods manufactured = $75,140
