Sales revenue$ 4,000purchases of direct materials$ 400direct labor$ 450manufacturing overhead$ 620operating expenses$ 650beginning raw materials inventory$ 200ending raw materials inventory$ 180beginning work in process inventory$ 320ending work in process inventory$ 410beginning finished goods inventory$ 250ending finished goods inventory$ 200what was cost of goods manufactured? a) $1,580b) $1,380c) $1,400d) $1,490

B) $1,380

Explanation:

The computation of the cost of goods manufactured is shown below:

= Beginning work in process inventory + total manufacturing cost - Ending work in process inventory

where,

Total manufacturing cost = Purchase of Direct material + Direct labor + Manufacturing overhead

= $400 + $450 + $620

= $1,470

The other items value would remain the same

Now put these values to the above formula  

So, the value would equal to

= $320 + $1,470 - $410

= $1,380

contributions made after 1986. after-tax contributions to employer plans made after 1986 are recovered pro rata with taxable amounts. the remaining $80,000 is from pre-tax contributions, employer matching dollars, and earnings on those amounts.