Please answer all the question i need help really bad

A company started a month with $ 100,000 of Raw Materials. During the month, the company made additional raw material purchases of $ 75,000. The ending balance of Raw Materials was $ 60,000. Other production costs incurred during the month: direct labor costs $ 35,000 and factory overhead $ 20,000. What was the amount of raw materials that were issued to production during the month?

Multiple Choice

• $ 60,000.

• $ 45,000.

• $ 115,000.

• $ 75,000.

• $ 50,000.

A company incurred the following production costs during a month: direct materials $ 50,000; direct labor $ 25,000; factory overhead $ 10,000. The beginning and ending balances of Raw Materials were $ 20,000 and $ 25,000. The beginning and ending balances of Finished Goods were $ 60,000 and $ 40,000. The beginning and ending balances of Work-in-Process were $ 35,000 and $ 30,000. Calculate the cost of goods manufactured during the month.

Multiple Choice

• $ 55,000.

• $ 30,000.

• $ 105,000.

• $ 75,000.

• $ 90,000.

The following costs were reported for a manufacturing company during a month: direct materials $ 45,000; direct labor $ 20,000, factory overhead $ 10,000. The beginning and ending balances of Raw Materials were $ 30,000 and $ 15,000. The beginning and ending balances of Finished Goods were $ 50,000 and $ 60,000. The beginning and ending balances of Work-in-Process were $ 75,000 and $ 65,000. The cost of goods manufactured during the month was $ 40,000. Calculate the Cost of Goods Sold for the month.

Multiple Choice

• $ 85,000.

• $ 60,000.

• $ 45,000.

• $ 30,000.

• $ 55,000.

A company had the following activity during a month: sales $ 120,000; cost of goods sold $ 65,000; selling expenses $ 15,000; general and administrative expenses $ 8,000; income tax expense $ 9,000. Ending inventory balances were: raw materials $ 34,000; work-in-process $ 25,000; finished goods $ 45,000. Calculate the gross profit and net income for the month.

Multiple Choice

• Gross profit $ 100,000; Net Income $ 55,000.

• Gross profit $ 75,000; Net Income $ 68,000.

• Gross profit $ 55,000; Net Income $ 32,000.

• Gross profit $ 100,000; Net Income $ 10,000.

• Gross profit $ 55,000; Net Income $ 23,000.

A company had the following account balances at the end of a month.

Equipment		$ 95,000
Accounts Payable		$ 12,000
Sales		$ 120,000
Finished Goods		$ 35,000
Accounts Receivable		$ 20,000
Office Supplies		$ 8,000
Work-in-Process		$25,000
Prepaid Rent		$10,000
Cost of Goods Sold		$ 75,000
Raw Materials		$ 20,000

What are the total current assets?

Multiple Choice

• $ 270,000.

• $ 118,000.

• $ 225,000

• $ 175,000.

• $ 213,000.

A company incurred the following production costs during the month.

Direct labor		$ 40,000
Indirect materials		$ 15,000
Factory Rent		$ 20,000
Factory Insurance		$ 10,000
Equipment maintenance		$ 12,000
Direct materials		$ 30,000
Supervisory labor		$ 12,000
Equipment Depreciation		$ 60,000

What were the total Factory Overhead costs that were incurred during the month?

Multiple Choice

• $ 57,000.

• $ 117,000.

• $ 152,000.

• $ 129,000.

• $ 199,000.