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Determine the cost of finished goods manufactured

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Question - Kid Gloves Manufacturing reports the following information for the year. Determine the cost of finished goods manufactured.

Work in process 1 January $7,000

Work in process 31 December 10,000

Finished goods inventory 1 January 5,000

Finished goods inventory 31 December 6,000

Direct materials used 3,000

Direct labour 2,000

Factory overhead 2,000

Selling expenses 3,000

General and administrative expenses 4,000

a. $4000

b. $3000

c. $5000

d. $6000

Reference no: EM133037450

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