Question
Rebel Yell, Inc., recorded the following data for April: Sales revenue$72,000 InventoryBeginningEnding Direct labor10,000Raw materials$10,000$ 5,000 Selling & administrative costs7,000Work-in-process18,00017,000 Raw materials purchased20,000Finished goods21,00016,500 Manufacturing
Rebel Yell, Inc., recorded the following data for April:
Sales revenue$72,000InventoryBeginningEnding
Direct labor10,000Raw materials$10,000$ 5,000
Selling & administrative costs7,000Work-in-process18,00017,000
Raw materials purchased20,000Finished goods21,00016,500
Manufacturing overhead13,500
- What were thetotal product costsfor April?
a) $43,500
b) $38,500
c) $48,500
d) $49,500
2)What was the amount ofcost of goods manufacturedfor April?
a) $53,000
b) $47,500
c) $49,500
d) $44,500
3)What was the amount ofcost of goods soldfor April?
a) $54,000
b) $49,000
c) $49,500
d) $53,000
4 What was Rebel Yell, Inc.'soperating incomefor April?
a) $12,000
b) $18,000
c) $11,000
d) $15,500
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