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In completing the Ending Finished Goods Inventory Budget, the managers of Jimbob Co . have determined that there should be 5 , 0 0 0
In completing the Ending Finished Goods Inventory Budget, the managers of Jimbob Co have determined that there should be units of finished goods inventory on hand at the end of the budgeted period. In preparing other budgets they have used the following estimates of quantities and costs required to complete one unit: Quantity Cost Direct materials kilograms $ per kilogram Direct labour hours $ per hour Manufacturing overhead is allocated at the rate of $ per direct labour hour. Using the above data, the ending finished goods inventory should be: Multiple Choice $ $ $ $
In completing the Ending Finished Goods Inventory Budget, the managers of Jimbob Co have determined that there should be units of finished goods inventory on hand at the end of the budgeted period. In preparing other budgets they have used the following estimates of quantities and costs required to complete one unit:
Quantity Cost
Direct materials kilograms $ per kilogram
Direct labour hours $ per hour
Manufacturing overhead is allocated at the rate of $ per direct labour hour. Using the above data, the ending finished goods inventory should be:
Multiple Choice
$
$
$
$
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