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Please can you answer them all Thank you . PART 2: Scenario-Based Multiple-Choice Questions Use the below information to answer the following NINE questions (numbered
Please can you answer them all Thank you .
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 Boom Company for July 2020. $87,500 17.500 297,500 $98.250 35,000 262,500 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 Insurance Indirect Labor Marketing Costs Purchases of Raw Materials Sales Sales Commissions $612.500 350.000 100,000 425,000 481,250 437,500 2,625,000 26 250 5 points 2. What was the amount of raw materials used in production during July 2020?* $8,750 $428,750 $1,286,250 $1,303,750 None of the above 3. What was the amount of total work in process for July 2020?* $52,500 $367,500 $1,303,750 $1,321,250 None of the above 4. What was the amount of cost of goods manufactured for July 20 $1,286,250 $1,321,250 $1,338,750 $1,347,500 None of the above 5. What was the amount of total selling costs for July 2020?* $507,500 $1,120,000 $1,645,000 $2,625,000 O None of the above 6. What was the amount of total period costs for July 2020?* $778,750 $1,120,000 $1,303,750 $2,423,750 None of the above 7. What was the amount of total product costs for July 2020?* $778,750 $1,120,000 $1,303,750 $2,423,750 None of the above 8. What was the amount of total prime costs for July 2020?* $778,750 $1,120,000 $1,303.750 $2,423,750 None of the above 9. What was the amount of total conversion costs for July 2020?* $778,750 $875.000 $1,120,000 $ $1,303,750 None of the above 10. What was the amount of cost of goods sold for July 2020? * $1,286,250 $1,303,750 $1,321,250 $1,347,500 None of the aboveStep by Step Solution
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