Question
The following data (in thousands of dollars) have been taken from the accounting records of Casey Corporation for the just completed year. (Note that this
The following data (in thousands of dollars) have been taken from the accounting records of Casey Corporation for the just completed year. (Note that this is the same data as that provided for the question above.) Administrative expense$ 30 Direct labo40 Finished goods inventory, beginnin24 Finished goods inventory, endin32 Manufacturing overhea46 Purchases of raw material24 Raw materials inventory, beginnin8 Raw materials inventory, endin14 Sale1,98 Selling expense28 Work in process inventory, beginnin14 Work in process inventory, endin10 The cost of goods manufactured (finisheD) for the year (in thousands of dollars) was: A)$1,000. B)$1,040. C)$1,080. D)$1,180.
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