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2. What was the amount of raw materials used in production during July 2020? *

5 points

$8,750

$428,750

$1,286,250

$1,303,750

None of the above

3. What was the amount of total work in process for July 2020? *

5 points

$52,500

$367,500

$1,303,750

$1,321,250

None of the above

4. What was the amount of cost of goods manufactured for July 2020? *

5 points

$1,286,250

$1,321,250

$1,338,750

$1,347,500

None of the above

5. What was the amount of total selling costs for July 2020? *

5 points

$507,500

$1,120,000

$1,645,000

$2,625,000

None of the above

6. What was the amount of total period costs for July 2020? *

5 points

$778,750

$1,120,000

$1,303,750

$2,423,750

None of the above

7. What was the amount of total product costs for July 2020? *

5 points

$778,750

$1,120,000

$1,303,750

$2,423,750

PART 2: Scenario-Based Multiple-Choice Questions Copy Select all Share Find 1 Use the below information to answer the following NINE questions (numberec through 10). This information was provided by Boom Company for July 2020. $87,500 17.500 297,500 $96,250 35,000 262,500 Inventories (Beginning): Raw Materials Work in Process Finished Goods Inventorios (Ending): Raw Materials Work in Process Finished Goods Additional Information: Administrative Expenses Direct Labor Factory Insurance Indirect Labor Marketing Costs Purchases of Raw Materials Sales Sales Commissions $612,500 350,000 100,000 425,000 481,250 437,500 2,625,000 26,250

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