Question
Bridges Corporation The following information has been taken from the cost records of Bridges Corporation for the past year: Raw material purchases $346 Total manufacturing
Bridges Corporation
The following information has been taken from the cost records of Bridges Corporation for the past year:
| Raw material purchases | $346 |
| Total manufacturing costs charged to production during the year (includes direct material, direct labor, and overhead equal to 50% of direct labor cost) | 711 |
| Cost of goods available for sale | 851 |
| Selling and Administrative expenses | 35 |
| Inventories | Beginning | Ending |
| Raw Material | $80 | $ 90 |
| Work in Process | 85 | 25 |
| Finished Goods | 80 | 105 |
5. Prime costs were:
| a. | $586 | |
| b. | $742 | |
| c. | $581 | |
| d. | $816 |
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
