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Unformatted text preview: is the total manufacturing costs for the current period. We now have two cost amounts: (1) the cost of the beginning work in process and (2) the total manufacturing costs for the current period. The sum of these costs is the total cost of work in process for the year. At the end of the year, Dell may have some computers that are only partially completed. The costs of these units become the cost of the ending work in process inventory . To find the cost of goods manufactured , we subtract this cost from the total cost of work in process. Illustration 14-7 shows the formula for determining the cost of goods manufactured. Illustration 14-7 Cost of goods manufactured formula...
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- Fall '11