Raw MaterialsBal7,000(2)24,000(1)19,000 Work In ProcessBal11,000(7)?(2)15,000 (4)18,000 (6)31,000 Finished GoodsBal18,000 (7)62,000 15,000 Manufacturing Overhead(2)9,000(6)31,000(3)16,000 (4)8,000 (5)5,000 Accumulated Depreciation--Factory Bal82,000 (3)16,000 Sales Salaries Expense(4)11,000 Accounts Payable Bal (1)19,000 (5)5,000 Salaries and Wages Payable Bal7,000 (4)37,000 The cost of goods manufactured is:
A. $62,000
B. $64,000
C. $82,000
D. $71,000
Answer: A
You might also like to view...
An accountant who violates the federal securities acts may be subjected to an administrative hearing before the Federal Trade Commission (FTC).
Answer the following statement true (T) or false (F)
What mode of transport should Kimberly use to ship its goods over long distances as quickly as possible?
A) flatcars B) water transport C) air transport D) trucks E) railroads
To attain a target profit, the total gross margin generated from sales must be sufficient to cover total fixed costs plus the target profit.
Answer the following statement true (T) or false (F)
________ refers to the moral principles and standards that guide the behavior of an individual or group.
A. Prioritization B. The legal system C. Ethics D. Corporate legitimacy E. Theology