Chavez Corporation reported the following data for the month of July:Inventories: BeginningEndingRaw materials$27,000$30,000Work in process$16,000$17,000Finished goods$32,000$47,000 Additional information: Raw materials purchases$66,000Direct labor cost$91,000Manufacturing overhead cost incurred$59,000Indirect materials included in manufacturingoverhead cost incurred 8,000Manufacturing overhead cost applied to Work in Process$58,000 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 July is:
A. $188,000
B. $218,000
C. $189,000
D. $203,000
Answer: C
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The costs and revenues associated with two alternatives are listed below: Alternative 1 Alternative 2Projected revenue$100,000 $125,000 Unit-level costs 20,000 30,000 Batch-level costs 20,000 25,000 Product-level costs 15,000 15,000 Facility-level costs 10,000 10,000 Which alternative should be selected based on this information?
A. Alternative 1 because it has a higher profit. B. Alternative 2 because it has a higher profit. C. Alternative 1 because it has fewer unit-level costs. D. Alternative 2 because it has the same product- & facility-level costs.
A balance between head and heart is achieved when a person displays positive _____.
A. defensive behavior B. submissive behavior C. communicative disease D. emotional competence
If you use a cell phone while traveling, you might have to pay ____________________
Fill in the blank(s) with correct word
Mara owns an activity with suspended passive losses from prior years of $13,000. In the current year, Mara becomes a material participant in the activity. This year the activity generates $6,000 of income. The net effect of this activity on Mara's current year AGI is
A) an increase of $6,000. B) a decrease of $13,000. C) 0. D) a decrease of $7,000.