Consider the following information: direct materials used totaled $124,700; direct labor amounted to $412,000; overhead was computed to be $789,600; Work in Process Inventory on March 1, 2014, was $482,500; and Work in Process Inventory on March 31, 2014, was $597,100. What was the cost of goods manufactured?
A) $1,211,700
B) $729,200
C) $1,440,900
D) $422,100
A
You might also like to view...
Which of the following intangible assets does NOT have the characteristic of exchangeability?
a. Patent b. Copyright c. Goodwill d. Franchise
How can companies today reap the benefits of an increasingly global marketplace?
a. By employing workers from different nationalities in or outside their native countries b. By tapping into a larger customer base c. By increasing their product line to match local preferences d. By providing economic assistance to developing countries so that they could start producing the company’s products
While in his sales presentation, Lucas encountered an objection from the customer before finishing his presentation. Lucas responded by telling the customer that he would address his point in a few minutes and continued on with his presentation. This technique for overcoming objections is called ________.
Fill in the blank(s) with the appropriate word(s).
Retailing is defined as the set of business activities that
A. add value to products and services sold to consumers for their personal or family use. B. separates wholesaling from manufacturing. C. focuses on a firm's core values. D. focuses on transactions, but not relationships. E. occurs only in brick-and-mortar space.