Answer:
The Cost of Goods Manufactured for the year is $341,000
Explanation:
The computation the cost of goods manufactured is shown below:
= Beginning balance of work in process inventory + total manufacturing costs - ending balance of work in progress inventory
= $21,000 + $339,000 - $19,000
= $341,000
where,
Total manufacturing costs = direct materials cost + direct labor cost + manufacturing overhead cost
= $59,000 + $128,000 + $152,000
= $339,000
