Multiple Choice Question 102 Dolan Company's accounting records reflect the following inventories:

	Dec. 31, 2017	Dec. 31, 2016
Raw materials inventory	$310,000	$260,000
Work in process inventory	300,000	160,000
Finished goods inventory	190,000	150,000

During 2017, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. The total raw materials available for use during 2017 for Dolan Company is

$1,110,000.

$750,000.

$660,000.

$1,060,000.

Multiple Choice Question 98

Cost of goods manufactured is calculated as follows:

Direct materials used + direct labor + manufacturing overhead beginning WIP + ending WIP.

Beginning WIP + direct materials used + direct labor + manufacturing overhead ending WIP.

Direct materials used + direct labor + manufacturing overhead ending WIP beginning WIP.

Beginning WIP + direct materials used + direct labor + manufacturing overhead + ending WIP.

Multiple Choice Question 97

Kushman Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $10,000 and cost of goods sold was $50,000, how much would Kushman report for cost of goods manufactured?

$40,000

$10,000

$70,000

$60,000

Multiple Choice Question 92

A manufacturing company calculates cost of goods sold as follows:

Ending FG inventory cost of goods manufactured + beginning FG inventory.

Beginning FG inventory cost of goods manufactured ending FG inventory.

Beginning FG inventory + cost of goods manufactured ending FG inventory.

Beginning FG inventory + cost of goods purchased ending FG inventory.

Multiple Choice Question 90

For inventoriable costs to become expenses under the matching principle,

all accounts payable must be settled.

the product must be finished and in stock.

the product must be expensed based on its percentage-of-completion.

the product to which they attach must be sold.