Question
The following information applies to the General Lawnmower Company for the year: Factory Rent $ 80,000 Direct Materials Inventory - Beginning 50,000 Direct Materials Inventory
The following information applies to the General Lawnmower Company for the year:
Factory Rent $ 80,000
Direct Materials Inventory - Beginning 50,000
Direct Materials Inventory - Ending 45,000
Direct Materials - Purchases 325,000
Direct Labor - Wages 550,000
Indirect Labor - Wages 25,000
Finished Goods Inventory - Beginning 50,000
Finished Goods Inventory - Ending 75,000
Indirect Materials 50,000
Plant Utilites 25,000
Selling and Administrative 130,000
Work In Process Inventory - Beginning 50,000
Work in Process Inventory - Ending 55,000
Selling Expenses 180,000
Sales Revenue 1,825,000
Direct Materials used is:
a. | 375,000 | |
b. | 330,000 | |
c. | 325,000 | |
d. | 95,000 |
Manufacturing Overhead is:
a. | 130,000 | |||||||||||||||||||||||||||||||||||||
b. | 100,000 | |||||||||||||||||||||||||||||||||||||
c. | 180,000 | |||||||||||||||||||||||||||||||||||||
d. | 110,000
Cost of Goods Manufactured is:
|
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