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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