Question
Stephenson Company's computer system recently crashed, erasing much of the Company's financial data. The following accounting information was discovered soon afterwards on the CFO's back-up
Stephenson Company's computer system recently crashed, erasing much of the Company's financial data. The following accounting information was discovered soon afterwards on the CFO's back-up computer disk. | ||||||||||
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| Cost of Goods Sold | $430,100 |
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| Work-in-Process Inventory, Beginning | $34,400 |
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| Work-in-Process Inventory, Ending | $45,100 |
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| Selling and Administrative Expense | $56,100 |
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| Finished Good Inventory, Ending | $16,800 |
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| Direct Materials Purchased | $194,900 |
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| Factory Overhead Applied | $125,600 |
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| Operating Income | $25,000 |
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| Direct Materials Inventory, Ending | $6,800 |
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| Cost of Goods Manufactured | $380,900 |
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| Direct Labor | $62,700 |
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The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end. | ||||||||||
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What should be the amount of direct materials available for use? | ||||||||||
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$391,600 |
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$210,100 |
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$194,900 |
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$380,900 |
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