The following data has been taken from the accounting records of ACME Incorporated for the month just ended:

Sales $105,000

Maintenance, factory 7,000

Purchases of raw materials 8,400

Sales commissions 18,500

Depreciation, factory 8,000

Direct labour 15,000

Administrative expenses 14,000

Raw material inventory, beginning 600

Raw material inventory, ending 800

Finished goods inventory, beginning 21,500

Finished goods inventory, ending 18,000

Work in process inventory, beginning 6,500

Work in process inventory, ending 4,500

Required: Calculate the cost of goods manufactured.

Answer rating: 100% (QA)

The cost of goods manufactured is the total cost of all goods that were completed during the p... View the full answer