Question
Use the following information to answer Q17-20 X Company's beginning and ending inventories for the month of November were as follows: November 1 November 30
Use the following information to answer Q17-20 X Company's beginning and ending inventories for the month of November were as follows: November 1 November 30 Raw Materials $67,000 $62,000 Work in Process $145,000 $171,000 Finished Goods $85,000 $78,000 Production data for month follow: Direct labor cost incurred $200,000 Actual manufacturing overhead cost incurred $132,000 Raw materials purchased (all direct) $165,000 X applies manufacturing overhead cost to jobs at the rate of 70% of direct labor cost incurred. X Company had the following additional information for November: Administrative salaries, $117,000; Selling costs, $119,000; Selling, general, and administrative related depreciation of $7,000 and Sales of $800,000. X Company's total manufacturing cost for November was: Question 6 options: $502,000 $510,000 $363,000 $495,000
X Companys net operating income for November was:
$ 75,000
$ 64,000
$ 58,000
$ 74,000
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