1) The following information was taken from the records of Data Life Company Direct Materials Used S254,687 Direct Labour 127,583 Total Factory Overhead Costs 132,468 Goods in Process, April 30, 2002 157.997 Goods in Process, April 30, 2003 183,452 The cost of goods manufactured for the year is: A) $489 283 B) $856,187 C) $173,289 D) $591 251 E) $601,021 2) The Goods in Process Inventory account for the AB Corp. is as follows: Goods in Process Beginning balance 4,500 Direct materials 47,100 Direct labour 29,600 Finished goods ? Applied overhead 15.800 Endig balance 8,900 The cost of units transferred to finished goods is: A) S 97.000 B) $103.900, C) $ 88.100 D) $ 95,200 3) The following information relates to the manufacturing operations of the Julie Publishing Corporation for the year. Beginning Ending Raw materials inventory $ 54,000 $57.000 Finished goods 65,000 37,000 Raw materials used 115,000 Raw materials purchased during the year amounted to A) $100.000 B) $119.000, C) $123,000 D) $126,000.1 4) End-of-year information for the Austin Company is as follows: Beginning raw materials inventory $7,600 Beginning goods in process 11,200 Ending raw materials inventory 8,300 Ending goods in process 14,000 Direct labour 21,400 Total factory overhead 15,000 Raw material purchases 30,000 All raw materials used were traceable to specific batches of product Austin Company's cost of goods manufactured for the year is: A2 $62.900 B) $64.300 C) $65,700 D) $68.500 E) $69.900, 5) Use the following data to determine the cost of goods manufactured. Beginning finished goods inventory $ 21,600 Direct labour 61,200 Beginning goods in process inventory 14.400 General administrative expense 27,000 Direct materials used 81,000 Ending goods in process inventory 18.000 Indirect labour 12,600 Ending finished goods inventory 19,000 Indirect materials 27,000 Amortization, factory equipment 15,000 A) $204.000. B). $220.200 C) $193,200. D) $227.400. E) $200.400 6) Talking Toys Inc. had the following information available for the year. Raw materials used $12,500 Goods in process, January 1 44,500 Goods in process, December 31 37,000 Manufacturing overhead 5,500 Direct labour used 26,500 The total cost of all goods in process during the year wan: A) $81.500 B $89.000. C) $52,000. D) Cannot be determined from information given. 7) The following information appeared in the financial statements of a manufacturmg company Goods in process inventory, beginning $ 20,000 Costof goods manufactured 320,000 Costof direct materials used 160,000 Factory overhead, 50% of direct labour 35,000 What was the goods in process inventory at the end of the year? A) $ 15.000 B) $ 25.000 C) $125,000. D $135.000, 8) Use the following information to compute the cost of goods manufactured: Beginning raw materials $5,500 Ending raw materials 4,000 Direct labour 12,250 Raw material purchases 7,400 Amortization on factory equipment 6,500 Factory repairs and maintenance Beginning finished goods inventory 10.200 Ending finished goods inventory 8,900 Beginning goods in process inventory 5,700 Ending goods in process inventory 6,300 A) $36.650 B) $30,950 C) $30,650 D) $30.350. .831.650 9) If one unit of Product X used $2.50 of direct materials and $3 of direct labour, sold for 88, and was assigned overhead at the rate of 30% of direct labour costs, how much gross profit was realized from this sale? A) $8 B) $5.50 C) $2.50. D$1,60 E) S. 90. 3,300 10)Jay Corporation uses a general accounting system. The following information is available for the year ended December 31: Beginning raw materials inventory $2,500 Raw materials purchases 4,000 Ending raw materials inventory 3,000 Office supplies expense 1,000 Based on this information, the amount of raw materials used in production for the year is: A $4.100 B) $5.100 C) $3,500. D) $6,500 11) The Ajax Company has accumulated the following account information for the year. Beginning raw materials inventory $5,000 Indirect materials 1,000 Indirect labour 5,000 Maintenance of factory equipment 1,800 Direct labour 6,000 According to the above information, total manufacturing overhead costs would be: A) $7.800 B. $13.800 C) $12,800. D) $11.000 12) The R Company's manufacturing costs for August are: direct labour. $13,000; indirect labour, $6,500; direct materials, $15,000; taxes on raw materials and work in process, $800; heat, lights and power, $1,000; and insurance on plant and equipment, $200. Company's factory overhead for August is: A) $ 2.000. B) $.6,500 C) $ 8.500 D) $21.500 E) $36,500