Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) Craigmont Company's direct materials costs are $3,400,000, its direct labor costs total $7,360,000, and its factory overhead costs total $5,360,000. Its conversion costs total:

1) Craigmont Company's direct materials costs are $3,400,000, its direct labor costs total $7,360,000, and its factory overhead costs total $5,360,000. Its conversion costs total:

$10,760,000. $8,760,000. $12,720,000. $5,400,000. $16,120,000.

2) A manufacturing company has a beginning finished goods inventory of $15,700, raw material purchases of $19,100, cost of goods manufactured of $34,700, and an ending finished goods inventory of $18,900. The cost of goods sold for this company is

: $29,800. $34,700. $22,300. $50,400. $31,500.

3) . A manufacturing company has a beginning finished goods inventory of $28,000, cost of goods manufactured of $58,200, and an ending finished goods inventory of $27,300. The cost of goods sold for this company is: $113,500. $57,500. $2,900. $85,500. $58,900.

4) Romeo Corporation has accumulated the following accounting data for the year: Finished goods inventory, January 1 $ 2,800 Finished goods inventory, December 31 3,600 Total cost of goods sold 7,000 The cost of goods manufactured for the year is:

$10,600. $4,200. $9,800. $7,800. $3,400.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions