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Question 5 1 pts 5) You have the following information: Beginning Inventory, Raw Material $32,000 Ending Inventory, Raw Material $29,000 Raw Material used in Production
Question 5 1 pts 5) You have the following information: Beginning Inventory, Raw Material $32,000 Ending Inventory, Raw Material $29,000 Raw Material used in Production $80,000 How much was Raw Material Purchases? Question 6 1 pts 6) You have the following information: Beginning Inventory, Work-in-Process $ 64,000 Cost of Goods Manufactured $216,000 Direct Material Used in Production $ 65,000 Direct Labor $ 97,000 Manufacturing Overhead $ 43,000 Was was Ending Inventory Work-in-Process? Question 7 1 pts You have the following information: Ending Inventory, Finished Goods $114,000 Cost of Goods Manufactured $306,000 Cost of Goods Sold $325,000 Office Expenses $125,000 What was Beginning Inventory, Finished Goods ? Question 8 1 pts 8) You estimate at the beginning of the year that Manufacturing Overhead for the year will be $900,000, direct labor hours for the year will be 100,000 hours and machine hours for the year will be 250,000 hours. You have decided your cost driver will be machine hours. Calculate your predetermined overhead rate
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