Question 19 Figure 2-1. Concam Inc. manufactures television sets. Last month dir

Question

Question 19 Figure 2-1. Concam Inc. manufactures television sets. Last month direct materials (electronic components, etc.) costing $500,000 were put into production. Direct labor of $800,000 was incurred, overhead equaled $450,000, and selling and administrative costs totaled $360,000. The company manufactured 8,000 television sets during the month. Assume that there were no beginning or ending work in process balances. Refer to Figure 2-1: What was the amount of cost of goods manufactured last month? Answer $1,750,000 $1,250,000 $1,300,000 $2,110,000

Explanation / Answer

the amount of cost of goods manufactured = $500,000+ 800,000 + 450,000 =1,750,000 $1,750,000

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