Question

If beginning and ending goods in process inventories are $5,000and $15,000, respectively, and cost of goods manufactured is$170,000, what is the total manufacturing cost for the period?

Choose one answer.

A. $180,000.
B. $155,000.
C. $160,000.
D. $175,000.
E. $165,000.

Answer 1

The total manufacturing cost for the period is $190,000.

Step-by-step explanation:

To find the total manufacturing cost for the period, we need to add the cost of goods manufactured to the beginning and ending inventories of goods in process.

Cost of goods manufactured = $170,000

Beginning goods in process inventory = $5,000

Ending goods in process inventory = $15,000

Total manufacturing cost = Cost of goods manufactured + Beginning inventories + Ending inventories = $170,000 + $5,000 + $15,000 = $190,000