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Use the below information to answer the following FIVE questions (numbered 3 through 7). This information is reported by Morin Company concerning last month. 3.
Use the below information to answer the following FIVE questions (numbered 3 through 7). This information is reported by Morin Company concerning last month. 3. What is the amount of total manufacturing costs for last month? * 4 points $93,000 $142,000 $226,000 $673,000 None of the above 4. What is the amount of cost of goods manufactured for last month? * 4 points $89,000 $138,000 $222,000 $226,000 None of the above 5. What is the amount of cost of goods sold for last month? * 4 points $146,000 $218,000 $222,000 $230,000 None of the above 6. What is the amount of total conversion costs for last month? * 4 points $133,000 $142,000 $177,000 $226,000 None of the above 7. What is the amount of gross profit for last month? * 4 points $50,000 $140,000
3 through 7). This information is reported by Morin Company concerning last month. Inventories Raw Materials Work-in-Process Finished Goods Beginning $50,000 21,000 51,000 Ending $37,000 25,000 43,000 Amount Item Administrative Expenses Depreciation of Production Equipment Direct Labor Factory Utilities Indirect Labor Indirect Materials Purchases of Raw Materials Sales Selling Expenses $57,000 15,000 49,000 10,000 26,000 42,000 71,000 370,000 33,000
Use the below information to answer the following FIVE questions (numbered 3 through 7). This information is reported by Morin Company concerning last month.
3. What is the amount of total manufacturing costs for last month? *
4 points
$93,000
$142,000
$226,000
$673,000
None of the above
4. What is the amount of cost of goods manufactured for last month? *
4 points
$89,000
$138,000
$222,000
$226,000
None of the above
5. What is the amount of cost of goods sold for last month? *
4 points
$146,000
$218,000
$222,000
$230,000
None of the above
6. What is the amount of total conversion costs for last month? *
4 points
$133,000
$142,000
$177,000
$226,000
None of the above
7. What is the amount of gross profit for last month? *
4 points
$50,000
$140,000
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