Answer: $527,000
Explanation:
Given that,
Beginning Raw Materials Inventory = $25,000
Ending Raw Materials Inventory = $30,000
Beginning Work in Process Inventory = $55,000
Ending Work in Process Inventory = $64,000
Beginning Finished Goods Inventory = $80,000
Ending Finished Goods Inventory = $67,000
Cost of Goods Sold for the period = $540,000
Sales revenues = $1,254,000
Operating expenses = $232,000
Cost of goods manufactured for the period:
=Cost of Goods Sold for the period+Ending Finished Goods Inventory-Beginning Finished Goods Inventory
= $540,000 + $67,000 - $80,000
= $527,000
