13. Monday Manufacturing Company had the following data for 2004: Sales $50,000 Work-in-process, Jan 1...
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13. Monday Manufacturing Company had the following data for 2004: Sales $50,000 Work-in-process, Jan 1 1,500 Work-in-process, Dec 31 2,200 Finished goods, Jan 1 3,700 Finished goods, Dec 31 3,400 Direct labor for 2004 10,000 Manufacturing overhead for 2004 12,000 If the cost of goods manufactured was $38,000, then raw material used in 2004 was: a. $16,700 b. $16,400 c. $16,000 d. $15,300
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