Hi,I am wondering how to solve this and what the answer would be.Thank you 33. The cost of goods manufactured for May was:A. $78,500B. $78,100C. $77,150D. $74,822

Answered: 33. The cost of goods manufactured for…

Business

Accounting

33. The cost of goods manufactured for May was: A. $78,500 B. $78,100 C. $77,150 D. $74,822

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Hi,

I am wondering how to solve this and what the answer would be.

Thank you

33. The cost of goods manufactured for May was:
A. $78,500
B. $78,100
C. $77,150
D. $74,822

Expert Solution

Step 1

Cost of Goods Manufactured is Total Cost to Manufacture complete Units . It is determined by adding all the manufacturing cost and Beginning work in progress subtracting by ending work in progress.

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