Question
TB MC Qu. 7-34 (Algo) The following events took place at a manufacturing... The following events took place at a manufacturing company for the current
TB MC Qu. 7-34 (Algo) The following events took place at a manufacturing...
The following events took place at a manufacturing company for the current year:
(1) Purchased $95,600 in direct materials.
(2) Incurred labor costs as follows: (a) direct, $56,600 and (b) indirect, $14,200.
(3) Other manufacturing overhead was $107,600, excluding indirect labor.
(4) Transferred 80% of the materials to the manufacturing assembly line.
(5) Completed 65% of the Work-in-Process during the year.
(6) Sold 85% of the completed goods.
(7) There were no beginning inventories.
What is the value of the ending Finished Goods Inventory?
Multiple Choice
$13,381.50.
$24,850.80.
$165,672.00.
$26,721.00.
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