The following data should be used for questions 36:

Raw materials inventory, January 1 $ 10,000

Raw materials inventory, December 31 20,000

Work in process, January 1 9,000

Work in process, December 31 6,000

Finished goods, January 1 20,000

Finished goods, December 31 16,000

Raw materials purchases 500,000

Direct labor 180,000

Factory utilities 75,000

Indirect labor 25,000

Factory depreciation 200,000

Selling and administrative expenses 210,000

____ 3. Direct materials used is

a. $530,000.

b. $510,000.

c. $500,000.

d. $490,000.

____ 4. Assume your answer to question 3 above is $500,000. Total manufacturing costs equal

a. $980,000.

b. $977,000.

c. $880,000.

d. $1,190,000.

____ 5. Assume your answer to question 4 above is $950,000. Cost of goods manufactured equals

a. $946,000.

b. $947,000.

c. $953,000.

d. $954,000.

____ 6. Assume your answer to question 5 above is $970,000. The cost of goods sold is

a. $973,000.

b. $954,000.

c. $966,000.

d. $974,000.