Question
Derflinger Corporation reported the following data for the month of January: Beginning Ending Inventories: Raw materials $31,000 $26,500 Work in process $18,500 $19,500 Finished goods
| Derflinger Corporation reported the following data for the month of January: |
| Beginning | Ending | |
| Inventories: | ||
| Raw materials | $31,000 | $26,500 |
| Work in process | $18,500 | $19,500 |
| Finished goods | $42,500 | $37,500 |
| Additional information: |
| Sales | $252,500 |
| Raw materials purchases | $66,500 |
| Direct labor cost | $32,500 |
| Manufacturing overhead | $74,500 |
| Selling expense | $20,500 |
| Administrative expense | $44,400 |
1.
The cost of goods manufactured for January was:
a. $178,000
b. $177,000
c. $179,000
d. $173,500
2.
The net operating income for January was:
a. $70,500
b. $80,000
c. $14,100
d. $5,600
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Lean Auditing Driving Added Value And Efficiency In Internal Audit
Authors: James C. Paterson
1st Edition
1118896882, 978-1118896884
