Multiple Choice Use the information below to answer the following questio Jupiter Inc. had the...
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Multiple Choice Use the information below to answer the following questio Jupiter Inc. had the following activities in the year. Direct materials balance: Beginning inventory $100,000 Purchases 308,000 Ending inventory 52,000 Direct manufacturing labour 80,000 Manufacturing overhead 60,000 Ending work in process 20,000 inventory Beginning work in process 4,000 inventory Ending finished goods h 80,000 inventory Beginning finished goods 120,000 inventory 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? $536.000 b. $496,000 $480.000 d. $476,000 $512,000
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