Answer:
cost of good manufacture = $947000
Explanation:
given data
Sales revenue = $1,660,000
Gross margin = $680,000
Ending work-in-process inventory = $58,000
Beginning work-in-process inventory = $96,000
Ending finished goods inventory = $108,000
Beginning finished goods inventory = $141,000
Marketing costs = $266,000
Administrative costs = $166,000
solution
cost of goods manufactured for we first we get
cost of good sold = sale revenue - gross margin ............1
cost of good sold = $1,660,000 - $680,000
cost of good sold = $980000
and
now we get cost of good manufacture that is
cost of good manufacture = cost of good sold + Ending finished goods inventory - Beginning finished goods inventory ............2
cost of good manufacture = $980000 + $108,000 - $141,000
cost of good manufacture = $947000
