Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. What was the amount of raw materials used in production during September 2020? * 5 points $5,000 $245,000 $735,000 $745,000 None of the above

image text in transcribed

2. What was the amount of raw materials used in production during September 2020? *

5 points

$5,000

$245,000

$735,000

$745,000

None of the above

3. What was the amount of total work in process for September 2020? *

5 points

$30,000

$745,000

$755,000

$765,000

None of the above

4. What was the amount of cost of goods manufactured for September 2020? *

5 points

$735,000

$755,000

$765,000

$770,000

None of the above

5. What was the amount of total selling costs for September 2020? *

5 points

$290,000

$640,000

$940,000

$1,500,000

None of the above

6. What was the amount of total period costs for September 2020? *

5 points

$445,000

$640,000

$745,000

$1,385,000

None of the above

7. What was the amount of total product costs for September 2020? *

5 points

$445,000

$640,000

$745,000

$1,385,000

None of the above

8. What was the amount of total prime costs for September 2020? *

5 points

$445,000

$640,000

$745,000

$1,385,000

None of the above

9. What was the amount of total conversion costs for September 2020? *

5 points

$445,000

$500,000

$640,000

$745,000

None of the above

10. What was the amount of cost of goods sold for September 2020? *

5 points

$735,000

$745,000

$755,000

$765,000

None of the above

$50,000 10,000 170,000 $55,000 20,000 150,000 Inventories (Beginning): Raw Materials Work in Process Finished Goods Inventories (Ending): Raw Materials Work in Process Finished Goods Additional Information: Administrative Expenses Direct Labor Indirect Labor Indirect Materials Marketing Costs Purchases of Raw Materials Sales Sales Commissions $350,000 200,000 100,000 200,000 275,000 250,000 1,500,000 15,000

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

Recommended Textbook for

The Audit Process Principles Practice And Cases

Authors: Iain Gray, Louise Crawford, Stuart Manson

7th Edition

1473760186, 9781473760189

More Books

Students also viewed these Accounting questions