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For fiscal year 20XX, Nancy calculated the following costs for a company’s manufacturing process. What is the company’s cost of goods manufactured for fiscal year 20XX? *

Respuesta :

aaregbe

Answer:

$9,998,145

Explanation:

From the given financial and economic data, we can deduce the cost of manufactured goods of the company. This is determined by adding the total manufacturing cost and the starting work-in-process (WIP), and subtracting the finishing WIP from the result. Thus, the cost of manufactured goods of the company is = The total manufacturing cost + Starting WIP - Finishing WIP = $10,003,697+ $22,655 – $28,207 = $9,998,145

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