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Morton Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the
Morton Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $50,500 and at the end of the month was $46,500. The cost of goods manufactured for the month was $241.000. The actual manufacturing overhead cost incurred was $89,000 and the manufacturing overhead cost allocated to Work in Process was $85,000 The adjusted cost of goods sold that would appear on the income statement for November is: Multiple Choice $241,000 $245,000 $237,000. $249.000 The following direct labor information pertains to the manufacture of product Scour: Time required to make one unit Number of direct workers Number of productive hours per week, per worker Weekly wages per worker Workers' benefits treated as direct labor costs 2 direct labor hours 50 40 $1,250 20% of wages What is the standard direct labor cost per unit of product Scour? (CPA adapted) Multiple Choice $75 SS4 $75 954 $45. $27
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