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Use the following to answer the questions below X Company reported the following year-end information: Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work
Use the following to answer the questions below X Company reported the following year-end information: Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work in Process inventory Raw Materials purchased Direct labor Manufacturing overhead Selling and Administrative expenses Cost of Goods Manufactured $16,000 26,000 30,000 48,000 19,000 24,000 7,000 73,000 Refer to the above, what was the cost of raw materials used? $38,000 $64,000 $6,000 None of the above None of the above Refer to the above, the company's total manufacturing cost was: * $107,000 $88,000 $81,000 O None of the above Refer to the above, how much would the company report for Work in Process ending inventory? $38,000 O $45,000 O $64,000 O None of the above
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