Question

Fillia, inc. worked on three jobs this period: job 14c, which cost $15,000; job 23a, which cost $28,000, and job 45b, which cost $23,000. at the end of the period, only job 14 was still in process (unfinished). the cost of goods manufactured this period is

Answer 1

To calculate the cost of goods manufactured for Fillia, Inc., add the costs of completed jobs 23a and 45b, while excluding the in-process job 14c, resulting in a total of $51,000.

Step-by-step explanation:

The cost of goods manufactured during a period can be calculated by summing up the costs of all jobs that were completed during the period and excluding the costs of jobs that are still in process. In the case of Fillia, Inc., we have three jobs with the following costs: job 14c at $15,000, job 23a at $28,000, and job 45b at $23,000. Since job 14c is still in process at the end of the period, it is not considered in the cost of goods manufactured.

Therefore, the costs of jobs 23a and 45b, which are completed, will be added to find the cost of goods manufactured:

• Job 23a: $28,000
• Job 45b: $23,000
• Total cost of goods manufactured: $28,000 + $23,000 = $51,000.

Answer 2

The cost of goods manufactured during the period would be the $15000 + $28000 + $23000 is $66000. In other words, the costs are the total amount of costs added up for all three of the projects since goods were presumably produced by all three projects.