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How much was the company cost of goods manufactured

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Reference no: EM133109490

Question - At the beginning of June, a company has the following balances:

Raw materials: $4000

Work in progress: $0

Finished goods: $1000

In June, a company purchased $5,000 of raw materials and used $3,000 of direct raw materials in production. The company incurred $20,000 of direct manufacturing overhead applied was $41,000 for the month, and marketing expenses were $3,500. The company had a $3,000 ending work in process balance at the end of March. How much was the company's cost of goods manufactured (the amount moved to finished goods)?

Reference no: EM133109490

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