The following information pertains to the Packer Corporation. Calculate the cost of goods sold for the period:
Beginning Raw Materials $30,000
Ending Raw Materials $70,000
Beginning Work in Process Inventory $40,000
Ending Work in Process Inventory $46,000
Beginning Finished Goods Inventory $72,000
Ending Finished Goods Inventory $68,000
Cost of Goods Manufactured for the period $246,000
a. $250,000.
b. $290,000.
c. $242,000.
d. $246,000.
e. $258,000.
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