The Clarke Company provided the following information for the month of December:Beginning work-in-process $12,000Ending work-in-process $9,000Direct labor/materials used $14,000Manufacturing overhead $7,000The company's cost of goods manufactured for December is:A) $42,000 B) $33,000 C) $28,000 D) $24,000 E) $26,000

Answer: Option (D) is correct.

Explanation:

Given that,

Beginning work-in-process = $12,000

Ending work-in-process = $9,000

Direct labor/materials used = $14,000

Manufacturing overhead = $7,000

Cost of goods manufactured:

= Beginning work in progress + Total manufacturing costs - Ending work in progress

= $12,000 + ($14,000 + $7,000) - $9,000

= $24,000