Cost of goods manufactured is calculated as follows:
(A) Direct materials used + direct labor + manufacturing overhead - ending WIP - beginning WIP.
(B) Beginning WIP + direct materials used + direct labor + manufacturing overhead - ending WIP.
(C) Direct materials used + direct labor + manufacturing overhead - beginning WIP + ending WIP.
(D) Beginning WIP + direct materials used + direct labor + manufacturing overhead + ending WIP.
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