Use the Following Data to Calculate the Cost of Goods

question 116

Multiple Choice

Use the following data to calculate the cost of goods sold for the period: $\begin{array}{lr}\text { Beginning Raw Materials Inventory } & \$ 30,000 \\\text { Ending Raw Materials Inventory } & 70,000 \\\text { Beginning Work in Process Inventory } & 40,000 \\\text { Ending Work in Process Inventory } & 46,000 \\\text { Beginning Finished Goods Inventory } & 72,000 \\\text { Ending Finished Goods Inventory } & 68,000 \\\text { Cost of Goods Manufactured for the period } & 246,000\end{array}$

• A) $250,000.
• B) $290,000.
• C) $242,000.
• D) $258,000.
• E) $246,000.