Answer:
total manufacturing cost added for the period 105,169
Cost of goods manufactured 106,064
Cost of goods sold 110,564
Explanation:
First, we need to know the amount of direct materials used in production.
beginning raw materials 10,000
purchase 27,000
ending (1,702)
indirect materials <u> (2,129) </u>
direct materials 33,169
now, we calculate the cost added during the period
direct materials 33,169
direct labors 30,000
overhead 42,000
total cost added 105,169
next step, we calculate the cost of goods manufactured from the WIP
WIP 17,895
added 105,169
WIP ending <u> (17,000) </u>
COGM 106,064
And last, the cost of goods sold
beginning finished goods 21,000
COGM 106,064
ending finished goods <u> (16,500) </u>
COGS 110,564
