The cost of goods sold for michaels manufacturing in the current year was $233,000. the january 1 finished goods inventory balance was $31,600, and the december 31 finished goods inventory balance was $24,200. cost of goods manufactured during the period was

Cost of goods manufactured during the period was $225,600

Explanation:

The computation of the Cost of goods manufactured is shown below:

Cost of goods manufactured = Cost of goods sold + ending balance of finished goods inventory - beginning balance of finished goods inventory

= $233,000 + $24,200 - $31,600

= $225,600

We simply added the ending balance of finished goods inventory and deducted the beginning balance of finished goods inventory to the Cost of goods sold

after cutting wages and benefits in order to increase profit .

apex~