Answer:
$121,000
Step-by-step explanation:
Given that,
Beginning Work in Process = 125,000
Beginning Finished Goods = 78,000
Ending Work in Process = 139,500
Ending Finished Goods = 102,000
Direct Labor Cost = 15,000
Cost of Goods Manufactured = 145,000
Cost of goods sold refers to the cost of acquiring and manufacturing the goods to be sold during a period of time. It includes all the costs that are directly related to the production of the goods.
Cost of goods sold is calculated by the following formula:
= Beginning Finished Goods inventory + Cost of Goods Manufactured - Ending Finished Goods
= 78,000 + 145,000 - 102,000
= $121,000