Quiz 2 1. 21000 ACT212 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Show all your calculations. 2. Which of the following is not a manufacturing cost category? a Cost of goods sold Direct materials c. Direct labor b. d. Summer 1 Manufacturing overhead V Canada Company's accounting records reflect the following inventories: Dec. 31, 2020 $310,000+ 300,000+ Dec. 31, 2019 $260,000 160,000 150,000 800,00 3 10 7000 + 8007000- 26,000 Raw materials inventory Work in process inventory Finished goods inventory 190,000 During 2020, $800,000 of raw materials were purchased, direct labour costs amounted to $670,000, and manufacturing overhead incurred was $640,000. The total raw materials available for use during 2020 for Canada Company is: $660,000. b. C. $750,000 $1,060,000. a. $1,110,000.

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ACT212 Quiz 2 MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Show all your calculations. 1. Which of the following is not a manufacturing cost category? (6) Cost of goods sold b. Direct materials c. Direct labor d. Manufacturing overhead 2. Camidn fomnanv's accounting records reflect the following inventories: During 2020,$800,000 of raw materials were purchased, unouz mour costs amounted to $670,000, and manufacturing overhead incurred was $640,000. The total raw materials available for use during 2020 for Canada Company is: a. $1,110,000. b. $660,000. $750,000. $1,060,000