Cost of goods manufactured equals $78,000 for 2022. Finished goods inventory is $9,200 at the beginning of the year and $6,500 at the end of the year. Total manufacturing overhead is $12,400. Beginning and ending work in process for 2022 are $7,300 and $8,600 respectively. How much is the cost of goods sold for the year? A. $75,300 B. $80,700 C. $83,100 D. $72,900

Cost of goods manufactured equals $78,000 for 2022. Finished goods inventory is $9,200 at the beginning of the year and $6,500 at the end of the year. Total manufacturing overhead is $12,400. Beginning and ending work in process for 2022 are $7,300 and $8,600 respectively. How much is the cost of goods sold for the year? A. $75,300 B. $80,700 C. $83,100 D. $72,900

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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