Billings Company's Plant Manager Is Trying to Better Understand His

Short Answer

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? a. $17 million.
B) $16 million.
C) $15 million.
D) $18 million.