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The following information has been taken from the perpetual inventory system of Imperial Manufacturing Company for the month ended September 30 Purchases of direct materials
The following information has been taken from the perpetual inventory system of Imperial Manufacturing Company for the month ended September 30 Purchases of direct materials t 72,000 Direct materials used t 7e,000 Direct labor costs assigned to production t 46,686 Manufacturing overhead costs incurred and applied t 6,006 Balances: September 3@ September 1 Materials Inventory t 0 t 66,006 Work in Process Inventory % 35,006 4 45,606 Finished Goods Inventory % 88,006 t 76,606 The total amount of inventory to be included in Imperial 's September 30th balance sheet amounts to: Multiple Chaoice Q $255,000. $123,000. Some other amount O O $185,000 O The principal difference between managerial accounting and financial accounting is that managerial accounting information is: Multiple Choice O Prepared by managers. O Intended primarily for use by decision makers inside the business organization. O Prepared in accordance with a set of accounting principles developed by the Institute of Certified Managerial Accountants. O Oriented toward measuring solvency rather than profitability.The following information has been taken from the perpetual inventory system of Imperial Manufacturing Company for the month ended September 30: Purchases of direct materials $ 84,090 Direct materials used $ 63, 200 Direct labor costs assigned to production $ 44,900 Manufacturing overhead costs incurred and applied $ 46,900 Balances : September 30 September 1 Materials Inventory $ ? $ 67,090 Work in Process Inventory $ 34, 900 $ 51, 900 Finished Goods Inventory $ 61,900 $ 66,090 The total amount of inventory to be included in Imperial 's September 30th balance sheet amounts to: Multiple Choice $246,000. O $95,000. O $182,800. O Some other amount
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