Chapter 14, Problem 20DQ

To determine

Cost of Goods Manufactured:

Cost of goods manufactured is the sum total of cost of goods manufactured in a given period. It represents total cost of production in a given period.

$\text{Cost of goods manufactured}=\left(\begin{array}{c}\text{Direct material cost}+\text{Direct labor cost}\\ +\text{Manufacturing overhead assigned}\end{array}\right)$

To prepare: Schedule for cost of goods manufactured.