Question
Watson Specialties bought $100,000 of raw materials during June, incurred $90,000 in direct labor cost, and applied $130,000 in manufacturing overhead. Inventories for June were
Watson Specialties bought $100,000 of raw materials during June, incurred $90,000 in direct labor cost, and applied $130,000 in manufacturing overhead. Inventories for June were as follows:
Beginning Ending
Raw material $22,000 $24,000
Work in Process $23,000 $19,000
Finished Goods $32,000 $31,000
How much is cost of goods sold for June?
| a. | $323,000 | |
| b. | $322,000 | |
| c. | $324,000 | |
| d. | $325,000 |
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Principles Of Fraud Examination
Authors: Joseph T Wells
2nd Edition
0470128836, 9780470128831
