Question

Lederman Manufacturing Corporation, had the following information for production last period: Beginning Work in Process Inventory $30,000 Ending Work in Process Inventory $41,000 Total manufacturing costs $416,000 Cost of Goods Manufactured for the period was: A. $345,000 B. $405,000 C. $217,000 D. $125,000

Answer 1

Answer:

B. $405,000

Explanation:

Given the above information, cost of goods manufactured during the period is computed as;

Total manufacturing cost

$416,000

Add:

Beginning work in process inventory

$30,000

Less:

Ending work in process inventory

($41,000)

Cost of goods manufactured for the period

$405,000