The following information was taken from the accounting records of Elliott Manufacturing Corporation Unfortunately, some of the data were destroyed by a computer malfunction Sales Revenue $ 64,000 Finished Goods Inventory, Beginning 11,000 Finished Goods Inventory, Ending 7,600 Cost of Goods Sold Gross Margin 30,200 Direct Materials Used 11,200 Selling and Administrative Expense Operating Income 15,600 Work in Process Inventory, Beginning Work in Process Inventory, Ending 6,200 Direct Labor Used 9,600 Factory Overhead 12,800 Total Manufacturing Cost Cost of Goods Manufactured Work in process inventory, beginning, is calculated to be Multiple Choice $3,000 2 $9,600 3 $10,000 4 $12,800 5 $15,800 2 Furniture Company incurred the following costs during 2016 Conversion costs $ 264,200 Prime costs 227,600 Manufacturing overhead 127,100 What was the amount of direct materials and direct labor used for the year Direct materials Direct labor A $ 100,500 $ 112,100 B $ 110,500 $ 92,100 C $ 137,100 $ 95,500 D $ 90,500 $ 137,100 Multiple Choice Option A 2 Option B 3 Option C 4 Option D 5 None of these options are correct 3 Conrad, Incorporated recently lost a portion of its records in an office fire The following information was salvaged from the accounting records Cost of Goods Sold $ 74,000 Work in Process Inventory, Beginning 14,100 Work in Process Inventory, Ending 10,800 Selling and Administrative Expense 19,500 Finished Goods Inventory, Ending 19,950 Finished Goods Inventory, Beginning Direct Materials Used Factory Overhead Applied 13,800 Operating Income 14,990 Direct Materials Inventory, Beginning 11,810 Direct Materials Inventory, Ending 6,630 Cost of Goods Manufactured 68,460 Direct labor cost incurred during the period amounted to 1 5 times the factory overhead The Chief Financial Officer of Conrad, Incorporated has asked you to recalculate the following accounts and to report to him by the end of the day What is the amount of direct materials purchased Multiple Choice $25,480 2 $30,660 3 $32,980 4 $37,980 5 $23,620

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The following information was taken from the accounting records of Elliott Manufacturing Corporation. Unfortunately, some of the data were destroyed by a computer malfunction. Sales

The following information was taken from the accounting records of Elliott Manufacturing Corporation. Unfortunately, some of the data were destroyed by a computer malfunction.

Sales Revenue	$ 64,000
Finished Goods Inventory, Beginning	11,000
Finished Goods Inventory, Ending	7,600
Cost of Goods Sold	?
Gross Margin	30,200
Direct Materials Used	11,200
Selling and Administrative Expense	?
Operating Income	15,600
Work-in-Process Inventory, Beginning	?
Work-in-Process Inventory, Ending	6,200
Direct Labor Used	9,600
Factory Overhead	12,800
Total Manufacturing Cost	?
Cost of Goods Manufactured	?

Work in process inventory, beginning, is calculated to be:

Multiple Choice

$3,000.

2. $9,600.

3. $10,000.

4. $12,800.

5. $15,800.

2. Furniture Company incurred the following costs during 2016:

Conversion costs	$ 264,200
Prime costs	227,600
Manufacturing overhead	127,100

What was the amount of direct materials and direct labor used for the year?

	Direct materials	Direct labor
A.	$ 100,500	$ 112,100
B.	$ 110,500	$ 92,100
C.	$ 137,100	$ 95,500
D.	$ 90,500	$ 137,100

Multiple Choice

Option A

2. Option B

3. Option C

4. Option D

5. None of these options are correct.

3. Conrad, Incorporated recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records.

Cost of Goods Sold	$ 74,000
Work-in-Process Inventory, Beginning	14,100
Work-in-Process Inventory, Ending	10,800
Selling and Administrative Expense	19,500
Finished Goods Inventory, Ending	19,950
Finished Goods Inventory, Beginning	?
Direct Materials Used	?
Factory Overhead Applied	13,800
Operating Income	14,990
Direct Materials Inventory, Beginning	11,810
Direct Materials Inventory, Ending	6,630
Cost of Goods Manufactured	68,460

Direct labor cost incurred during the period amounted to 1.5 times the factory overhead. The Chief Financial Officer of Conrad, Incorporated has asked you to recalculate the following accounts and to report to him by the end of the day.

What is the amount of direct materials purchased?

Multiple Choice