Answer:
The cost of goods manufactured. $ 205,000
Explanation:
Raynor Company
The Cost of Goods Manufactured Statement
$
Direct labor 76,000
Direct materials used 84,000
Total manufacturing overhead 60,000
Total Manufacturing Costs $ 220,000
Add Beginning work in process 30,000
Less Ending work in process 45,000
The cost of goods manufactured. $ 205,000
The cost of goods manufactured gives an estimate of the costs incurred in a given period . It includes total manufacturing costs and beginning work in process . The ending work in process is deducted from it .
