Question
Assuming the cost of direct materials used is $900,000, compute the total manufacturing costs using the information below. Work in process, January 1 30,000 Work
Assuming the cost of direct materials used is $900,000, compute the total manufacturing costs using the information below.
| Work in process, January 1 | 30,000 |
| Work in process, December 31 | 20,000 |
| Finished goods, January 1 | 60,000 |
| Finished goods, December 31 | 48,000 |
| Direct labor | 690,000 |
| Factory utilities | 230,000 |
| Indirect labor | 80,000 |
| Factory depreciation | 500,000 |
| Operating expenses | 630,000 |
| A. | $1,710,000. | |
| B. | $2,340,000. | |
| C. | $2,400,000. | |
| D. | $3,030,000. |
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Performance Auditing
Authors: Shrivastava A.
1st Edition
8131316254, 978-8131316252
