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The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials De
The Cost of Goods Manufactured was: Multiple Choice O $43,600 O $20,900 $22,700 $9,700
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Ans: The correct answer is $22700.

The Costs of Goods Manufactured =  Beginning WIP Balance + Direct Material + Direct Labor + Overhead applied – Ending WIP Balance

Ending WIP = $4600 + $6700 + $9000 + $8800 - $22700 (Finished Goods) = $6400

Cost of Goods Manufactured = $4600 + $6700 + $9000 + $8800 - $6400 = $22700

Therefore, Cost of Goods manufactured is $22700

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