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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 labo | 40 |
Finished goods inventory, beginnin | 24 |
Finished goods inventory, endin | 32 |
Manufacturing overhea | 46 |
Purchases of raw material | 24 |
Raw materials inventory, beginnin | 8 |
Raw materials inventory, endin | 14 |
Sale | 1,98 |
Selling expense | 28 |
Work in process inventory, beginnin | 14 |
Work in process inventory, endin | 10 |
The cost of goods manufactured (finisheD) for the year (in thousands of dollars) was:
A) $1000
B) $1040
C) $1080
D) $1180
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