For fiscal year 2016, nancy calculated the following costs for choco-rama’s manufacturing process. beginning work in process inventory, $22,655 ending work in process inventory, $28,207 beginning raw materials inventory, $42,385 ending raw materials inventory, $44,299 raw materials purchased, $387,521 office supplies purchased, $15,274 388,400 man-hours of factory labor at $23.60/hour 14,200 man-hours of factory oversight labor at $28.75/hour administrative salaries, $392,000 factory utilities, $18,500 factory depreciation, $9,700 factory repairs, $15,400

what is choco-rama’s cost of goods manufactured for fiscal year 2016?

Inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: jan. 1 inventory 20 units at $1,800 may 15 purchase 31 units at $1,950 aug. 7 purchase 13 units at $2,040 nov. 20 purchase 16 units at $2,100 there are 18 units of the item in the physical inventory at december 31. determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form: round your final answers to the nearest dollar. cost inventory method ending inventory cost of goods sold a. first-in, first-out method $ $ b. last-in, first-out method $ $ c. weighted average cost method $ $