Billings company's plant manager is trying to better understand his plant's inventory workflow. he determined that $10 million was spent on raw materials, $2 million on direct labor and $3 million on manufacturing overhead. if raw materials beginning and ending inventories are $2 million and $1 million, respectively, and work-in-process beginning and ending inventories are $6 million and $4 million respectively, how much is cost of goods manufactured

The cost of  goods manufactured was $18 millions

Explanation:

raw materials beginning  $2 millions

(+) raw materials spent      $10 millions

(-) raw materials ending      $1 milions

Total  raw material cost      $11 millions

2. work-in-process cost

(+) work in process beginning $ 6 millions

(-) work in process ending ___$ 2 millions

Total work in process cost $2 millions

then:

raw material cost                    $11 millions

work in process cost _             $2 millions

direct labor   cost                      $2 millions

manufacturing overhead cost $ 3 millions

Total                                          $18 millions

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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c.

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