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21. NorthWest Corp. obtained the following information from its accounting records: Sales Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Sold Ending Work-in-Process Inventory $70,000 $10,000 $46,000 $22,000 $30,000 Calculate the Cost of Goods Manufactured for the period. (5 points)

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Answer #1
Cost of Goods Manufactured:
Cost of goods sold 22000
Add: Ending Inventory of Finished Goods 46000
Total cost of goods available for sale 68000
Less: Beginning Inventory of Finished Goods 10000
Cost of Goods Manufactured: 58000
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