Answer:
c) $288,000
Explanation:
The computation of the cost of goods manufactured is shown below:
Cost of goods manufactured = Opening balance of Work in process + Manufacturing cost - Ending balance of Work in process
where,
Opening balance of Work in process equal to
= $42,000 × 100 ÷ 40
= $70,000
So, the cost of goods manufactured is
= $70,000 + $260,000 - $42,000
= $288,000
