Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This information was provided by Tamla Company for August 2020. $275,000 55,000 935,000 $302,500 110,000 825,000 Inventories (Beginning): Raw Materials Work in Process Finished Goods

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

This information was provided by Tamla Company for August 2020. $275,000 55,000 935,000 $302,500 110,000 825,000 Inventories (Beginning): Raw Materials Work in Process Finished Goods Inventories (Ending): Raw Materials Work in Process Finished Goods Additional Information: Administrative Expenses Direct Labor Factory Property Taxes Indirect Materials Marketing Costs Purchases of Raw Materials Sales Sales Commissions $1,925,000 1,100,000 550,000 1,100,000 1,512,500 1,375,000 8,250,000 82,500 2. What was the amount of raw 5 points materials used in production during August 2020?* $27,500 $1,347,500 $4,042,500 $4,097,500 None of the above 5 points 3. What was the amount of total work in process for August 2020?* $165,000 $4,097,500 $4,152,500 $4,207,500 None of the above 5 points 4. What was the amount of cost of goods manufactured for August 2020?* $4,042,500 $4,152,500 $4,207,500 $4,235,000 None of the above 5 points 5. What was the amount of total selling costs for August 2020? * $1,595,000 $3,520,000 $5,170,000 $8,250,000 P O None of the above 5 points 6. What was the amount of total period costs for August 2020? * $2,447,500 $3,520,000 $4,097,500 $7,617,500 None of the above 5 points 7. What was the amount of total product costs for August 2020?* $2,447,500 $3,520,000 $4,097,500 $7,617,500 None of the above 5 points 8. What was the amount of total prime costs for August 2020?* $2,447,500 $3,520,000 $4,097,500 $7,617,500 None of the above 5 points 9. What was the amount of total conversion costs for August 2020?* $2,447,500 $2,750,000 $3,520,000 $4,097,500 None of the above 5 points 10. What was the amount of cost of goods sold for August 2020?* $4,042,500 $4,097,500 $4,152,500 $4,207,500 None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An International Introduction

Authors: David Alexander, Christopher Nobe

6th Edition

1292102993, 978-1292102993

More Books

Students also viewed these Accounting questions

Question

2. Ask, What would happen if?

Answered: 1 week ago

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago