From the following data, determine the total Cost of Goods Manufactured (COGM): Costs of units in beginning Work-in-Progress (WIP) Inventory        $78500.00 Costs added to units in beginning WIP Inventory this period           19500.00 Costs of units started and completed                                               153000.00 Cost of units started and incomplete                                                 57500.00                            Cost of units in ending WIP inventory                                               57500.00 A. $269500.00  B. $251000.00  C. $268000.00 D. $308500.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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From the following data, determine the total Cost of Goods Manufactured (COGM):

Costs of units in beginning Work-in-Progress (WIP) Inventory        $78500.00
Costs added to units in beginning WIP Inventory this period           19500.00
Costs of units started and completed                                               153000.00
Cost of units started and incomplete                                                 57500.00                           
Cost of units in ending WIP inventory                                               57500.00

A. $269500.00 
B. $251000.00 
C. $268000.00
D. $308500.00

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