Name: 8 pt The following information is for X Company, a merchandiser, in 2018: Revenue Merchandise purchases Store rent Utilities expense Advertising expense Merchandise Inventory, January 1, 2018 Merchandise Inventory, December 31, 2018 Store manager salary Cashier salaries What was Cost of Goods Sold in 2018? 1. AO $96,010 BO $127.693 CO $169,832 DO $225,877 EO $300,416 $279,000 104,000 23,530 18,910 21,730 27,810 35,800 27,680 20,310 FO $399,553 8 pt The following information is for X Company, a manufacturer, in 2018: Direct materials purchased Direct materials used Direct labor Overhead Work in Process Inventory, Jamiary 1, 2018 Work in Process Inventory, December 31, 2018 Finished Goods Inventory, December 31, 2018 Cost of Goods Sold What was the balance in Finished Goods Inventory on January 1, 2018? 2. AO $1,057 BO $1,321 CO 81,652 DO $2,065 EO $2,581 $32,961 30,647 11,812 21,068 6,638 10,984 2,650 59,757 FO $3,226 fastuer a plantwide overhead allocation system with direct materials as the cost driver. The 8 pt X Company, a manufacturer, uses a plantwide overhead allocation sy following is budgeted total cost and activity information in 2018: Direct materials $213.580 Direct labor $348,322 Overhead 8519,000 Research & development $110,000 Advertising $59,000 Direct labor hours 21,358 The following information is taken from the job cost sheet for Job A in 2018. Direct Direct Direct Materials Labor Labor Hours Overhead Total $61,270 893,500 How much overhead was allocated to Job Around overhead rate(s) to two decimal A S127253 BO $118.886 CO $174.197 DU 20.810 EO $235.458 FO 527 90