Question
The following data (in thousands of dollars) have been taken from the accounting records of Karsen Corporation for the just completed year. The following data
The following data (in thousands of dollars) have been taken from the accounting records of Karsen Corporation for the just completed year.
The following data (in thousands of dollars) have been taken from the accounting records of Karsen Corporation for the just completed year.
Raw materials inventory, beginning | $70 | |
Raw materials inventory, ending. | $40 | |
Purchases of raw materials._ | $190 | |
Direct labor | $150 | |
Manufacturing overhead | $210 | |
Administrative expenses | $90 | |
Selling expenses ... | $120 | |
Work in process inventory, beginning | $80 | |
Work in process inventory, ending | $70 | |
Finished goods inventory, beginning | $90 | |
Finished goods inventory, ending ...................... | $140 |
1. What are the Direct materials used ? $_____
2. What do the total Manufacturing Cost Equal ? $_____
3. Cost of good Manufactured Equal ? $______
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