answer it please , i have quize today?! thank you
X3 company accounting records reflect the following inventories: Jan 1, 2017 Dec 31, 2017 Raw materials inventory $ 80,000 $ 64,000 Work in process inventory 104,000 116,000 Finished goods inventory 100,000 92,000 Assume that the cost of goods manufactured for 2017 amounted to $1,000,000 How much would it report as cost of goods sold for the year? $1,008,000 $1,652,000 $1,568,000 $1,668,000 A Moving to another question will save this response. estion 2 The following data have been taken from the accounting records of LL company for the just completed year. Administrative expenses $ 600 Direct labor 800 Finished goods inventory, beginning 480 Finished goods inventory, ending 640 Manufacturing overhead 920 Cost of goods manufactured 2960 Sales 3,960 Selling expenses Work in process inventory, beginning 280 Work in process inventory, ending 200 560 The cost of goods sold for the year was? $2,640 The following data have been taken from the accounting records of MM company for the just completed year. 480 Administrative expenses $ 600 Direct labor 800 Finished goods inventory, beginning Finished goods inventory, ending Manufacturing overhead Purchases of raw materials Raw materials inventory, beginning 160 Raw materials inventory, ending 280 Sales 3,960 Selling expenses 560 Work in process inventory, beginning 280 Work in process inventory, ending 200 The cost of the raw materials used in production during the year was: $760. $600. X2 company accounting records reflect the following inventories: Jan 1, 2017 Dec 31, 2017 Raw materials inventory $ 80,000 $ 64,000 Work in process inventory 104,000 116,000 Finished goods inventory 100,000 92,000 During 2017, the cost of raw material used in production was $350,000, incurred direct labor costs of $160,000. How much is the cost of goods manufactured for 2017? $748,000 $1,760,000 $760,000 Dec 31, 2017 $ 64,000 116,000 92,000 uction was $350,000, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling on 5 company accounting records reflect the following inventories: Jan 1, 2017 Dec. 31, 2017 Raw materials inventory $ 180,000 $ 80,000 Finished goods inventory 100,000 92.000 During 2017, the company purchased $450,000 of raw materials, incurred direct labor costs of $250,000 and i How much is the cost of raw material used in 2017? None of the above $450,000 $960,000 $ 550,000 20 points Save ies: Dec. 31. 2017 $ 80,000 92,000 raw materials, incurred direct labor costs of $250,000 and incurred manufacturing overhead totaling $260.000
