Answer:
The correct answer is B.
Explanation:
Giving the following information:
Beginning Finished Goods Inventory $80,000
Ending Finished Goods Inventory $67,000
Cost of Goods Sold for the period $540,000
To calculate the cost of goods manufactured, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
540,000= 80,000 + cost of goods manufactured - 67,000
540,000 - 80,000 + 67,000= cost of goods manufactured
$527,000= cost of goods manufactured
