40) The following information pertains to the Stratford Company:

Beginning finished goods inventory

$60,000

Cost of goods manufactured

410,000

Ending finished goods inventory

34,000

What is the cost of goods sold?

A) $436,000

B) $384,000

C) $376,000

D) $316,000

E) $444,000

Use the information below to answer the following question(s).

Montreal Industries Inc. had the following activities during the year:

Direct materials:

Beginning inventory

$50,000

Purchases

154,000

Ending inventory

26,000

Direct manufacturing labour

40,000

Manufacturing overhead

30,000

Ending work-in-process inventory

10,000

Beginning work-in-process inventory

2,000

Ending finished goods inventory

40,000

Beginning finished goods inventory

60,000

41) What is Montreal's cost of direct materials used during the year?

A) $204,000

B) $178,000

C) $128,000

D) $24,000

E) $218,000

42) What is Montreal's cost of goods manufactured during the year?

A) $268,000

B) $248,000

C) $240,000

D) $238,000

E) $260,000

43) What is Montreal's cost of goods sold during the year?

A) $260,000

B) $232,000

C) $220,000

D) $200,000

E) $240,000