Beginning Raw Materials Inventory	$	45,000
Ending Raw Materials Inventory		36,600
Beginning Work in Process Inventory		75,000
Ending Work in Process Inventory		84,000
Beginning Finished Goods Inventory		110,000
Ending Finished Goods Inventory		87,000
Cost of Goods Sold for the period		560,000
Sales revenues for the period		1,274,000
Operating expenses for the period		252,000

Multiple Choice

• $583,000.

• $546,000.

• $569,000.

• $537,000.

• $585,200.

23 A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used Work In Process Inventor 52,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 142.000 62,000 Factory Overhead 140,000 Finished Goods Inventory 42.000 267.000 37.000 Beginning FG 272,000 Endina FG 24 Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $201.000 of raw materials on credit; issued materials to production of $198,000 of which $27.000 were indirect. Minstrel incurred a factory payroll of $153.000, of which $37,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are Multiple Choice 0 $580.500 O O $516,500 O $461,000 O h Mesa Corp. allocates overhead to production on the basis of direct labor costs. Mesa's total estimated overhead is $420,000 and estimated direct laboris $140,000. Determine the amount of overhead applied to a job which used $30,000 of direct labor Multiple Choice S10.000. S30000. $120.000 590000, 23 A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used Work In Process Inventor 52,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 142.000 62,000 Factory Overhead 140,000 Finished Goods Inventory 42.000 267.000 37.000 Beginning FG 272,000 Endina FG 24 Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $201.000 of raw materials on credit; issued materials to production of $198,000 of which $27.000 were indirect. Minstrel incurred a factory payroll of $153.000, of which $37,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are Multiple Choice 0 $580.500 O O $516,500 O $461,000 O h Mesa Corp. allocates overhead to production on the basis of direct labor costs. Mesa's total estimated overhead is $420,000 and estimated direct laboris $140,000. Determine the amount of overhead applied to a job which used $30,000 of direct labor Multiple Choice S10.000. S30000. $120.000 590000