Answer and Explanation:
The preparation of the cost of goods manufactured schedule for the month of April is presented below
Beginning work-in-process inventory $4,840
Manufacturing costs:
Direct materials:
Beginning inventory $10,500
Purchases $97,700
Materials available $108,200
Less: Ending inventory -$14,000
Direct materials used $94,200
Direct labor $80,300
Manufacturing overhead $162,000
Total manufacturing costs: $336,500
Total costs of work-in-process $341,340
($4,840 + $341,340)
Less: Ending work-in-process -$3,700
Cost of goods manufactured $337,640
Basically we simply the cost of goods manufactured formula
