26/ Calculate the cost of goods sold using the following information: ...
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Accounting
26/ Calculate the cost of goods sold using the following information:
Direct materials | $ | 299,300 | |
Direct labor | 132,800 | ||
Factory overhead costs | 264,800 | ||
General and administrative expenses | 86,300 | ||
Selling expenses | 49,600 | ||
Work in Process inventory, January 1 | 119,300 | ||
Work in Process inventory, December 31 | 126,700 | ||
Finished goods inventory, January 1 | 232,900 | ||
Finished goods inventory, December 31 | 239,500 | ||
Multiple Choice
$696,900.
$682,900.
$704,300.
$689,500.
$775,800.
27/ Current information for the Healey Company follows:
Beginning raw materials inventory | $ | 14,400 | |
Raw material purchases | 52,000 | ||
Ending raw materials inventory | 15,800 | ||
Beginning work in process inventory | 21,600 | ||
Ending work in process inventory | 27,200 | ||
Direct labor | 38,800 | ||
Total factory overhead | 29,200 | ||
All raw materials used were traceable to specific units of product. Healey Company's total manufacturing costs for the year are:
Multiple Choice
$113,000.
$121,400.
$118,600.
$124,200.
$128,600.
28/ Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:
Work in Process, January 1 | $ | 52,000 | |
Work in Process, December 31 | 38,000 | ||
Total Factory overhead | 6,500 | ||
Direct materials used | 13,500 | ||
Direct labor used | 27,500 | ||
Multiple Choice
$55,000.
$99,500.
$61,500.
$14,000.
$47,500.
29/ Using the information below for Sundar Company; determine the total manufacturing costs added during the current year:
Direct materials used | $ | 19,300 | |
Direct labor used | 24,800 | ||
Factory overhead | 53,600 | ||
Beginning work in process | 11,000 | ||
Ending work in process | 11,600 | ||
Multiple Choice
$97,700.
$44,100.
$97,100.
$43,500.
$77,800.
30/ If beginning and ending work in process inventories are $6,400 and $16,400, respectively, and cost of goods manufactured is $184,000, what is the total manufacturing cost for the period?
Multiple Choice
$174,000.
$177,600.
$194,000.
$167,600.
$190,400.
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