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8) 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
8) 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 What is Montreal's cost of goods SOLD during the year? a. $220,000 b. $232,000 c. $200,000 d. $240,000 e. $260,000
8) 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
What is Montreal's cost of goods SOLD during the year?
a. $220,000
b. $232,000
c. $200,000
d. $240,000
e. $260,000
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