Frankin Corporation has provided the following data concerning last month's operations. Purchases of raw materials$26,000Indirect materials included in manufacturing overhead$6,000Direct labor cost$58,000Manufacturing overhead applied to Work in Process$97,000 BeginningEndingRaw materials inventory$11,000 $17,000 Work in process inventory$52,000 $66,000 How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured?
A. $221,000
B. $155,000
C. $169,000
D. $175,000
Answer: B
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What will be an ideal response?
Match the following unions to their descriptions.
1. Industrial Workers of the World 2. Knights of Labor 3. American Federation of Labor 4. National Labor Union a. Considered a reform union and founded in 1866, this union sponsored the Labor Reform party its goals of and reforming the capitalist system to one of consumer and producer cooperatives through legal reform and political action. b. Founded in 1869, this union favored arbitration as a method for achieving its goals of education, enlightenment, and reform of the capitalist system to one of consumer and producer cooperatives through employee savings. As an uplift union, this union was concerned with improving social conditions, particularly through education. c. Founded in 1905, this union also favored the use of strikes in its efforts to abolish the wage-earning system and institute worker control over production. As a revolutionary union, it is known for its willingness to use violence and social discord to achieve its ends. d. Founded in 1886, this union used strikes as its primary weapon in achieving economic gains for workers. Considered the first business union.
A group will perform more effectively if its members are allowed to contribute as fully as possible
Indicate whether the statement is true or false
Cox, North, and Lee form a partnership. Cox contributes $180,000, North contributes $150,000, and Lee contributes $270,000. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $150,000 for its first year, what amount of income is credited to Cox's capital account?
A. $45,000. B. $60,000. C. $64,286. D. $50,000. E. $36,000.