Borchardt Corporation has provided the following data concerning last month's operations. 
How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured?
Definitions:
Present Value
The present value of a sum of money or series of cash inflows expected in the future, calculated using a particular rate of return.
Ordinary General Annuity
An annuity where payments are made at the end of each period, such as monthly or annually, over a specified length of time.
Present Value
The contemporary worth of an expected future sum of money or flow of cash payments, accounting for a specific rate of return.
Periodic Interest Rate
The amount of interest charged or earned over a particular period of time, often expressed as a rate per month or quarter.
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