Real Clear Politics Assignment-Module 1 14,200,000 $1,600,000 Question 6 2 pts Regency Inc. has $50,000 of ending finished goods inventory as of December 31, 2020. If beginning finished goods inventory was $15,000 and cost of goods sold was $30,000, how much would Magnolia report for cost of goods manufactured? $100,000 $5,000 $65,000 $75,000 2 pts Question 10 ABC Inc has beginning and ending raw materials inventories of $95,000 and $110,000, respectively. If direct materials used were $375,000, what was the cost of raw materials purchased? $375,000. $470,000. $390,000. $360,000 Question 11 When a job is completed and all costs have been accumulated on a job cost sheet, the journal The total manufacturing costs for the period Question 14 3 pts Maple Inc. applies overhead to production at a predetermined rate of 80% based on direct labor cost. Job No. 550, the only job still in process at the end of October, has been charged with manufacturing overhead of $4,000. What was the amount of direct materials charged to Job 550 assuming the balance in Work in Process inventory is $15,000? $9,000 $6,000 $3,200 $5,000 3 pt During 2020, Banyan Manufacturing expected Job No.75 to cost $600,000 of overhead, $500,000 of materials, and $400,000 in labor. Banyan applied overhead based on direct labor cost. Actual production required an overhead cost of $550,000, $800,000 in materials used, and $320,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? $1,670,000 $1,600,000 $1,500,000 $1.720,000