cost flows in manufacturing
Generic Motors is a manufacturing firm. Its beginning inventory of materials was $3,000, purchases of materials $12,000, ending inventory of materials $3,500.Its beginning inventory of work-in-process (WIP) was $3,000, ending inventory of WIP was $7,700.Its cost of direct labor was $15,000, manufacturing overhead $17,000.Its beginning inventory of finished goods was $4,000, ending inventory of finished goods was $5,300.
can you explain how step by step you got cost of goods manufactured?