Managerial Accountin 100

You have the following data: Cost of goods sold $70 Direct labour $20 Direct materials $15 Cost of goods manufactured $80 Work-in-process ending $10 Finished goods ending $15 Manufacturing overhead $30 Which of the following represents the beginning work-in-process inventory?

a) $20 b) $15 c) $55 d) $25

The beginning balance of the raw materials inventory account for May was $27,500. The ending balance for May was $28,750, and $128,900 of raw materials were used during the month. What was the cost of the materials purchased during the month? a) $131,300 b) $127,650 c) $130,150 d) $157,650