Answer: Cost of goods manufactured = $520000
Explanation:
Given that,
Direct materials used = $120,000
Beginning work in process = $20,000
Direct labor = $200,000
Ending work in process = $10,000
Manufacturing overhead = $180,000
Beginning finished goods = $25,000
Operating expenses = $175,000
Ending finished goods = $15,000
∴ Cost of goods manufactured = Direct materials used + Beginning work in process + Direct labor - Ending work in process + Manufacturing overhead + Beginning finished goods - Ending finished goods
= $120,000 + $20,000 + $200,000 - $10,000 + $180,000 + $25,000 - $15,000
= $520000
