Asked by Hunain Nadeem on Apr 28, 2024
Verified
How much is Kapanga's cost of goods manufactured for October?
A) $ 50,000
B) $ 55,000
C) $ 78,000
D) $ 82,000
Cost of Goods Manufactured
The total cost incurred by a company to produce goods in a specific period, including materials, labor, and overhead.
- Understand and enact the principles behind Work in Process (WIP), Finished Goods (FG), and Cost of Goods Manufactured (CGM).
Verified Answer
GS
Gurminder singhMay 01, 2024
Final Answer :
D
Explanation : 
Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory - Ending work in process inventory
Cost of goods manufactured = $112,500 + $0 - $30,500 = $82,000
Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory - Ending work in process inventoryCost of goods manufactured = $112,500 + $0 - $30,500 = $82,000
Learning Objectives
- Understand and enact the principles behind Work in Process (WIP), Finished Goods (FG), and Cost of Goods Manufactured (CGM).