Beginning work in process was $125,000. Manufacturing costs incurred for the month were $835,000. There were $200,000 of partially finished goods remaining in work in process inventory at the end of the month. What was the cost of goods manufactured during the month?
Darshita Changed status to publish August 29, 2020
Answer:
| Beginning WIP inventory | 125000 |
| Add: Manufacturing cost incurred for a month | 835000 |
| Total WIP inventory during the period | 960000 |
| Less : Ending WIP inventory | -200000 |
| Cost of goods manufactured | 760000 |
So Cost of goods manufactured = 760000
Darshita Changed status to publish August 29, 2020
