Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Multiple Choice Question 117 Assu Raw materials inventory, January1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Multiple Choice Question 117 Assu Raw materials inventory, January1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Operating expenses ming that the direct materials used are $1880000, compute the total manufacturing costs using the following information. $20000 40000 18000 12000 40000 32000 1900000 760000 50000 50000 400000 420000 $3660000. $3240000. $3246000 $3060000 Multiple Choice Question 121 Assuming the cost of direct materials used is $1930000, compute the total manufacturing costs using the information below. Raw materials inventory, January 1 30000 Raw materials inventory, December 31 60000 Work in process, January 1 Work in process, December 31 Finished goods, January1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Operating expenses 27000 18000 60000 48000 1960000 890000 225000 75000 500000 630000 $3620000. $3629000. $4250000 $3350000 Multiple Choice Question 126 Sheridan Company reported total manufacturing costs of $650000, manufactur cost? ng overhead totaling $78000, and direct materials totaling $96000. How much is direct labor O $476000 O Can not be determined from the information provided. $554000 $824000 Multiple Choice Question 127 Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: Direct materials used $180000 Beginning work in process $40000 Direct labor Manufacturing 110000 160000 260000 Ending work in process Beginning finished goods Ending finished goods 20000 50000 30000 overhead Operating expenses $470000 $450000 $450000 $430000 $490000 $430000 $470000 $470000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Companies Audit Investigations And Community Enterprise Act 2004 UK

Authors: The Law Library

1st Edition

1987582950, 978-1987582956

More Books

Students also viewed these Accounting questions