Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company compiled the following information for the current year. (Assume that all raw materials used were direct materials.) $ 40000 Raw materials inventory, January
A company compiled the following information for the current year. (Assume that all raw materials used were direct materials.) $ 40000 Raw materials inventory, January 1 Raw materials inventory, December 31 45000 27000 Work in process, January 1 Work in process, December 31 18000 Finished goods, January 1 60000 48000 Finished goods, December 31 Raw materials purchases 2000000 Direct labor 1090000 Factory utilities 225000 Indirect labor 75000 Factory depreciation 500000 Operating expenses 830000 If the cost of direct materials used is $ 2000000 during a period, what are total manufacturing costs? $3899000. O $4720000. $ 3890000. O $3590000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started