Question
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.
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