Billings company's plant manager is trying to better understand his plant's inventory workflow. he determined that $10 million was spent on raw materials, $2 million on direct labor and $3 million on manufacturing overhead. if raw materials beginning and ending inventories are $2 million and $1 million, respectively, and work-in-process beginning and ending inventories are $6 million and $4 million respectively, how much is cost of goods manufactured

The cost of  goods manufactured was $18 millions

Explanation:

raw materials beginning  $2 millions

(+) raw materials spent      $10 millions

(-) raw materials ending      $1 milions

Total  raw material cost      $11 millions

2. work-in-process cost

(+) work in process beginning $ 6 millions

(-) work in process ending ___$ 2 millions

Total work in process cost $2 millions

then:

raw material cost                    $11 millions

work in process cost _             $2 millions

direct labor   cost                      $2 millions

manufacturing overhead cost $ 3 millions

Total                                          $18 millions

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answerangel investor;