Information from the records of Cain Corporation for December 2011 are as follows: ...

70.2K

Verified Solution

Question

Accounting

Information from the records of Cain Corporation for December 2011 are as follows:

Sales

$1,230,000

Selling and administrative expenses

210,000

Direct materials used

264,000

Direct labor

300,000

Factory overhead

405,000

Inventories

Dec. 1, 2011

Dec. 31, 2011

Direct materials

$36,000

$42,000

Work in process

75,000

84,000

Finished goods

69,000

57,000

The prime costs are:

$960,000.

$564,000.

$705,000.

$969,000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students