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TIC PICILL. Alempt 2 Question 2 (1 point) Ogleby Inc.'s accounting records reflect the following...

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TIC PICILL. Alempt 2 Question 2 (1 point) Ogleby Inc.'s accounting records reflect the following inventories: Dec. 31. 2012 Dec. 31. 2013 Raw materials $120,000 $ 96,000 inventory Work in process 156,000 174,000 inventory Finished goods 150,000 138,000 inventory During 2013, Ogleby purchased $840,000 of raw materials, incurred direct labor costs of $150,000, and incurred manufacturing overhead totaling $192,000. How much would Ogleby Manufacturing report as cost of goods manufactured for 2013? a) $1,218,000 Ob) $1,188,000 c) $1,224.000 d) $1,164,000 Question 1 (1 point) Given the following data for Mehring Company, compute (A) total manufacturing costs and (B) cost of goods manufactured: Direct materials $230,000 Beginning work in $30,000 used process Direct labor 150,000 Ending work in 15,000 process Manufacturing 225.000 Beginning finished 38,000 overhead goods Operating 263,000 Ending finished 23,000 expenses goods (A) a) $620,000 $635,000 Ob) $605,000 $590,000 c) $590,000 $620,000 d) $605,000 $620,000

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