Question
Budgeted inventories for the Remle Company follow: January 1 December 31 Direct materials $24,800 $26,700 Work in process 57,600 55,200 Finished goods 83,300 87,400 Additional
Budgeted inventories for the Remle Company follow:
|
| January 1 | December 31 |
| Direct materials | $24,800 | $26,700 |
| Work in process | 57,600 | 55,200 |
| Finished goods | 83,300 | 87,400 |
Additional budget information follows:
| Total manufacturing costs | $354,500 |
| Cost of goods manufactured | 356,900 |
Calculate the budgeted cost of goods sold.
| a. | $352,800 |
| b. | $350,400 |
| c. | $361,000 |
| d. | $359,300 |
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Primary English Audit And Test Assessing Your Knowledge And Understanding
Authors: Doreen Challen
2nd Edition
190330086X, 978-1903300862
