The following information is provided for XYZ Manufacturing…
The following information is provided for XYZ Manufacturing Company for the month of June 2025: Beginning and Ending raw materials inventory: $20,000 and $15,000 Raw materials purchased: $50,000 Beginning and Ending work in process inventory: $30,000 and $25,000 Beginning and Ending finished goods inventory: $40,000 and $35,000 Direct labor costs: $60,000 Manufacturing overhead applied: $45,000 Sales revenue: $200,000 Selling and administrative expenses: $10,000 Based on the foregoing, what is XYZ’s Cost of Goods Manufactured during June 2025?