PART 2: Scenario-Based Multiple-Choice Questions Use the below information to answer the following NINE questions (numbered 2 through 10). This information was provided by Prego Company for October 2020. $125,000 25,000 425,000 $137,500 50,000 375,000 Inventories (Beginning): Raw Materials Work in Process Finished Goods Inventories (Ending): Raw Materials Work in Process Finished Goods Additional Information: Administrative Expenses Direct Labor Factory Utilities Indirect Materials Marketing Costs Purchases of Raw Materials Sales Sales Commissions $875,000 500,000 100,000 650,000 687,500 625,000 3,750,000 37,500 5 points 2. What was the amount of raw materials used in production during October 2020? O $12,500 O $612,500 O $1,837,500 O $1,862,500 None of the above 3. What was the amount of total work in process for October 2020?* 5 points $75,000 O $1,862,500 O $1,887,500 O $1,912,500 None of the above 5 points 4. What was the amount of cost of goods manufactured for October 2020? O $1,837,500 O $1,887,500 O $1,912,500 O $1,925,000 O None of the above 5. What was the amount of total selling costs for October 2020?* 5 points $725,000 $1,600,000 $2,350,000 $3,750,000 None of the above 6. What was the amount of total conversion costs for October 2020?* 5 points O $1,112,500 O $1,250,000 O $1,600,000 $1,862,500 None of the above 7. What was the amount of total prime costs for October 2020?* 5 points O $1,112,500 O $1,600,000 O $1,862,500 $3,462,500 O None of the above 8. What was the amount of total period costs for October 2020?* 5 points O $1,112,500 O $1,600,000 $1,862,500 $3,462,500 O None of the above 9. What was the amount of total product costs for October 2020?* 5 points $1,112,500 $1,600,000 $1,862,500 $3,462,500 None of the above 10. What was the amount of cost of goods sold for October 2020?* 5 points $1,837,500 $1,862,500 $1,887,500 $1,912,500 None of the above