Using the information below, calculate the cost of goods manufactured for the period.
Beginning Raw Materials Inventory $25,000
Ending Raw Materials Inventory $30,000
Beginning Work in Process Inventory $55,000
Ending Work in Process Inventory $64,000
Beginning Finished Goods Inventory $80,000
Ending Finished Goods Inventory $67,000
Cost of Goods Sold for the period $540,000
Sales revenues for the period $1,254,000
Operating expenses for the period $232,000
a. $549,000.
b. $527,000.
c. $525,000.
d. $553,000.
e. $536,000.
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