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The closing balance of the Raw Materials inventory account for May was $27,500. The opening balance for May was $28,750 and $128,900 of raw materials
The closing balance of the Raw Materials inventory account for May was $27,500. The opening balance for May was $28,750 and $128,900 of raw materials were used during the month. The cost of raw materials purchased during the month was: Select one: $127,650 $131,300 $130,150 $157,650 Question 13 Not yet answered Marked out of 3.00 V Flag question Given the following costs: 0 direct materials, $30,000 0 direct labour, $34,000; 0 sales salaries, $14,000 - indirect manufacturing labour, $10,000 a factory rent, $20,000 - indirect manufacturing materials, $15,000; a general corporate administrative cost $12,000; - taxes on manufacturing facility, $2,000 a beginning work in process inventory was $16,000 - ending work in process inventory was $9,000. What is the cost of goods manufactured for the month? Select one: $144,000 $64,000 $118,000 $104,000 Question 19 Given: Not yet answered Direct materials used 18,000 Marked out of Direct labour 50,000 3.00 Indirect factory labour 5,000 Flag Factory rent 32,000 question Utilities ( 80% factory related) 20,000 Depreciation ( 85% factory related) 52,000 Management salaries ( 30% factory 150,000 related) Selling and administrative 80,000 What is the manufacturing overhead? Select one: $259,000 O $222,200 O $137,200 O $142,200
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