Answer: $164,519
Step-by-step explanation:
Direct Material used = Beg. Raw Materials Inventory + Purchases of DM - End. Raw Materials Inventory
= $26000 + $73000 - $30852
= $68,148
Direct labor cost = $41,484
Manufacturing overhead = Indirect Labor + Insurance on plant + Depreciation - plant building and equipment + Repairs and maintenance - plant
= $40000 + $10,000 + $12747 + $4869
= $67,616
Total manufacturing cost = Direct Material used + Direct labor cost + Manufacturing overhead
= $68,148 + $41,484 + $67,616
= $177,248
Cost of goods manufactured:
= Total manufacturing cost + Beg. Work in process inventory - End. Work in process inventory
= $177,248 + $35000 - $32867
= $179,381
Cost of goods sold = Cost of goods manufactured + Beg. Finished goods inventory - End. Finished goods inventory
= $179,381 + $14000 - $28862
= $164,519