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Use the following information for questions 1, 2, and 3. PBA Company manufactures bowling balls. The following data are available for last month. Beginning finished
Use the following information for questions 1, 2, and 3. PBA Company manufactures bowling balls. The following data are available for last month. Beginning finished goods inventory Goods manufactured | 10,000 balls Ending finished goods inventory 1,000 balls Sales commissions $3.00 per ball sold Fixed manufacturing overhead $30,000 Fixed marketing expenses $10,000 Sales 10,000 balls at $30 each Variable costs of manufacturing 1 bowling ball $9.00 1. What is the cost of goods available for sale for last month? A. $120,000 B. $110,000 C. $100,000 D. $ 90.000 What is the cost of goods sold for last month? A. $124,000 B. $110,000 C. $108,000 D. $130,000 What is the cost of ending inventory for last month? A. $11,000 B. $12,000 C. $13,000 3
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