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Calculate the cost of goods manufactured for the period

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Question - The following data have been provided by a company for a recent accounting period:

Inventories, beginning:

Raw materials $10,000

Work-in-process $2,000

Finished goods $34,000

Inventories, ending:

Raw materials $11,000

Work-in-process $4,000

Finished goods $30,000

Purchases of raw materials $50,000

Direct labor wages $40,000

Sales commissions $3,000

Manufacturing overhead $60,000

Marketing costs $55,000

Administrative expenses $70,000

Sales $300,000

Required - Calculate the cost of goods manufactured for the period.

Reference no: EM132616962

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