Question
Use the information below to answer the following question(s). Beginning inventory$100,000 Purchases308,000 Ending inventory52,000 Direct manufacturing labour80,000 Manufacturing overhead60,000 Ending work in process inventory20,000 Beginning
Use the information below to answer the following question(s).
Beginning inventory$100,000
Purchases308,000
Ending inventory52,000
Direct manufacturing labour80,000
Manufacturing overhead60,000
Ending work in process inventory20,000
Beginning work in process inventory4,000
Ending finished goods inventory80,000
Beginning finished goods inventory120,000Jupiter Inc. had the following activities in the year:
1.What is Jupiter's cost of direct materials used during the year?
a.$356,000
b.$360,000
c.$308,000
d.$364,000
e.$372,000
2.What is Jupiter's cost of goods sold?
a.$520,000
b.$464,000
c.$440,000
d.$400,000
e.$516,000
3.What is Jupiter's cost of goods manufactured?
a.$536,000
b.$496,000
c.$480,000
d.$476,000
e.$512,000
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