Name 22. McGown Corp. has the following information: Direct Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Direct materials purchases Direct labor Beginning Inventory (1/1) Ending Inventory $ 20,000 (12/31) $ 30,000 $ 15,000 $ 18,000 $ 30,000 $ 20,000 Manufacturing overhead applied Indirect materials Compute the current manufacturing costs incurred in the current period. A) $245,000 B) $255,000 $ 100,000 $ 75,000 $ 80,000 S 0 C) $65,000 D) $68,000 23. The current manufacturing costs include direct labor, direct materials, and manufacturing overhead. A) actual; actual; applied B) actual; actual; actual C) estimated; actual; applied D) estimated; estimated; applied 24. Optimum Finance Inc. provides budget, savings, and investment services to clients who want a stress-free financial lifestyle. The company customizes a program for each client based on their individual goals that includes budget recommendations, investment counseling, and savings techniques. The company uses a job order cost system that keeps track of the cost of the amount of time financial consultants spend with each client. Optimum applies all indirect operating costs (e.g., rent, utilities, and management salaries) as a percentage of the consultant's labor cost. During the most recent year, the firm estimated that it would pay $500,000 to its consultants and incur indirect operating costs of $750,000. During the year, Optimum provided 64 hours of consulting services to Robert Howard for which Optimum pays an average of $18 per hour. What is the total cost of providing services to Robert? A) $2,707 B) $2,822 C) $1,924 D) $2,880 5