Refer to the above, what was the cost of raw materials used? *O $190,000O $130,000$110,000None of the aboveRefer to the above, the company's total manufacturing cost was:O $986,000$520,000$860,000None of the above Use the following to answer the three questions below:X Company reported the following year-end information:Beginning Raw Materials Inventory$70,000Ending Raw Materials Inventory60,000Beginning Work in Process Inventory126,000Ending Work in Process Inventory190,000Raw Materials purchased120,000Direct Labor210,000Manufacturing Overhead520,000Selling and Administrative Expenses198,000

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Description: Refer to the above, what was the cost of raw materials used? *O $190,000O $130,000$110,000None of the aboveRefer to the above, the company's total manufacturing cost was:O $986,000$520,000$860,000None of the above Use the following to answer the thr

Cost of Raw materials used = Beginning Raw Material Inventory + Raw Material Purchases - Ending…

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Refer to the above, what was the cost of raw materials used? O $190,000 O $130,000 $110,000 O None of the above Refer to the above, the company's total manufacturing cost was: O $986,000 O $520,000 $860,000 O None of the above

Refer to the above, what was the cost of raw materials used? O $190,000 O $130,000 $110,000 O None of the above Refer to the above, the company's total manufacturing cost was: O $986,000 O $520,000 $860,000 O None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information was drawn from the accounting records of Marlin Manufacturing Co. Product 1 Product 2 Product 3 Direct Material Cost $ 75,000 $ 80,000 $ 85,000 Direct Labor Cost $ 130,000 $ 140,000 $ 150,000 Direct Labor Hours 3,200 hours 3,800 hours 4,000 hours Factory overhead is estimated to be $315,000 and is applied on a basis of direct labor dollars. This overhead cost is not traceable to any particular product. The total cost of Product 1 is
pvn.1 The costs incurred by a small manufacturing entity are given below: Shs. Direct raw materials used 125,000 Direct labour incurred 75,000 Direct Expenses 50,000 Production overheads 60,000 Determine the prime cost for the year
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5
A company used $35,000 of direct materials, incurred $73,000 in direct labor cost, and had $114,000 in factory overhead costs during the period. If beginning and ending work in process inventories were $28,000 and $32,000, respectively, the cost of goods manufactured was O a. $226,000 Ob. $190,000 Oc. $218,000 Od. $222,000
A corporation used $34,000 of direct materials. It incurred $73,000 in direct labor costs and $112,500 in manufacturing overhead costs during the period. What is the cost of goods manufactured if the beginning and ending Work-in-Process Inventories were $27,500 and $22,000, respectively? A. $219,500 B. $225,000 OC. $214,000 D. $247,000
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(a) Determine the missing amounts for three different situations. Direct Materials Used Direct Labor Used Total Factory Manufacturing Overhead Costs (1) $44,000 $62,200 $51,100 (2) $77,500 $144,000 $300,000 (3) $58,600 $114,000 $311,000
A company used $35,000 of direct materials, incurred $73,000 in direct labor cost, and had $114,000 in factory overhead costs during the period. If beginning and ending work in process inventories were $28,000 and $32,000, respectively, the cost of goods manufactured was a.$226,000 b.$218,000 c.$222,000 d.$190,000
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