Metalcore Ltd is a metal and woodcutting manufacturer, selling products to the home construction market. Consider the following data for the year ended 31 December 2021. Sales revenues $95,000 Administrative expenses $3,500 Beginning work in process inventory $5,400 Indirect labour $6,300 Plant depreciation $3,500 Ending work in process invent

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.