1/ Use the following data to compute total manufacturing costs for the month: Mu

Question

1/ Use the following data to compute total manufacturing costs for the month:

Multiple Choice

$142,900.

$126,700.

$46,200.

$86,000.

$58,900.

2/ Using the information below for Laurels Company; determine the cost of goods manufactured during the current year:

Multiple Choice

$15,100.

$17,100.

$20,100.

$13,000.

$18,600.

3/ manufacturing company has a beginning finished goods inventory of $14,800, raw material purchases of $18,200, cost of goods manufactured of $32,900, and an ending finished goods inventory of $18,000. The cost of goods sold for this company is:

Multiple Choice

$47,700.

$32,900.

$29,700.

$21,400.

$28,000.

4/ Romeo Corporation has accumulated the following accounting data for the year:

The cost of goods manufactured for the year is:

Multiple Choice

$6,400.

$1,700.

$10,300.

$900.

$9,500.

Sales commissions $ 11,000 Direct labor 39,800 Indirect materials 15,400 Factory manager salaries 7,400 Factory supplies 9,200 Indirect labor 6,500 Depreciation—office equipment 5,200 Direct materials 40,700 Corporate office salaries 42,700 Depreciation—factory equipment 7,700

Explanation / Answer

1B.$126,700.

2. B.$17,100.

the following is the calculation:

3.C.$29,700.

cost of goods sold = beginning inventory + cost of goods manufactured - finished goods inventory

.=>$14,800 + 32,900 - 18,000.

=>$29,700.

4.A.$6,400.

cost of goods manufactured = cost of goods sold + closing finished goods inventory - opening finished goods inventory.

=.5600 +4700 - 3900

=>$6,400.

direct labour $39,800 indirect materials $15,400 factory manager salary $7,400 factory supplies $9,200 indirect labour $6,500 direct materials $40,700 depreciation - factory equipment $7,700 Total $126,700

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