Reference no: EM132684115
Question - Using the information below, calculate the cost of goods manufactured for the period:
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 for the period 1,254,000
Operating expenses for the period 232,000