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Answer the following questions using the information below Elton, Inc., expects to sell 6,000 ceramic vases for $40 each. Direct materials costs are $4, direct
Answer the following questions using the information below Elton, Inc., expects to sell 6,000 ceramic vases for $40 each. Direct materials costs are $4, direct manufacturing labor is $20, and manufacturing overhead is $6 per vase. The following inventory levels apply to 2011 Direct materials Work-in-process inventory Finished goods inventory On the 2012 budgeted income statement, what amount will be reported for cost of goods sold? Beginning inventory 1,000 units 0 units 400 units Ending inventory. 1,000 units 0 units 500 units OA. $177,000 B. $210,000 C.$180,000 O D. $183,000
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