The following data have been taken from the accounting recor

The following data have been taken from the accounting records of Karmana Corporation for the year.

What is cost of goods manufactured for the year?

Sales	$950
Direct materials used	300
Direct labor	200
Manufacturing overhead	220
Administrative expenses	110
Selling expenses	130
Work in process inventory, beginning	80
Work in process inventory, ending	40
Finished goods inventory, beginning	100
Finished goods inventory, ending	90

Total manufacturing cost=Direct materials+Direct labor+Manufacturing overhead

=(300+200+220)=$720

Hence cost of goods manufactured=Total manufacturing cost+Beginning WIP-Ending WIP

which is equal to

=(720+80-40)

=$760.