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Use the following information for questions 14 through 15. Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some
Use the following information for questions 14 through 15. Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year. Cost of clay used in production Wages paid to the workers who paint the figurines Wages paid to the sales manager's secretary Cost of junk mail advertising $65,000 90,000 22,000 47,000 14. What is the total of the inventoriable costs above? a. $159,000 b. $224,000 c. $0 d. $69,000 e. $155,000 15. What is the total of the conversion costs above? a. $159,000 b. $65,000 c. $69,000 d. $90,000 e. $155,000
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