Koczela Inc. has provided the following data for the month of May:Inventories:  BeginningEndingWork in process$17,000$12,000Finished goods$46,000$50,000 Additional information:   Direct materials$57,000Direct labor cost$87,000Manufacturing overhead cost incurred$63,000Manufacturing overhead cost applied to Work in Process$61,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.The adjusted cost of goods sold that appears on the income statement for May is:

A. $206,000
B. $210,000
C. $214,000
D. $208,000


Answer: D

Business

You might also like to view...

In evaluating the performance of a profit center manager, the manager

a. and the sub-unit should be evaluated on the basis of the same costs and revenues. b. should only be evaluated on the basis of variable costs and revenues of the sub-unit. c. should be evaluated on all costs and revenues that are controllable by the manager d. should be evaluated on all costs and revenues that can be directly traced to the sub-unit.

Business

U.S. GAAP and IFRS distinguish three categories of long-lived assets for purposes of measuring and recognizing impairment losses. The first category addresses long-lived assets except intangible assets not subject to amortization and goodwill. This category does not include:

a. property, plant, and equipment. b. patents. c. franchise rights. d. land. e. brand names and trademarks.

Business

How can an offeror revoke an offer?

What will be an ideal response?

Business

Identify the infinitive phrase in the sentence. Is she spending a semester abroad to improve her Spanish?

Business