14) Haver Corporation has provided the following data concerning last month's operations. Purchases of raw materials $32,000 Indirect materials included in manufacturing overhead 4,000 Direct labor cost $58,000 Manufacturing overhead applied to Work in Process $4,000 Beginning Ending Raw materials inventory S10,000|216,000 Work in process inventory 58,000 74,000 Finished goods inventory S32,000||$49 How much is the cost of goods available for sale on the Schedule of Cost of Goods Sold? A) $180,000 B) $148,000 C) $131,000

14) Haver Corporation has provided the following data concerning last month's operations. Purchases of raw materials $32,000 Indirect materials included in manufacturing overhead 4,000 Direct labor cost $58,000 Manufacturing overhead applied to Work in Process $4,000 Beginning Ending Raw materials inventory S10,000|216,000 Work in process inventory 58,000 74,000 Finished goods inventory S32,000||$49 How much is the cost of goods available for sale on the Schedule of Cost of Goods Sold? A) $180,000 B) $148,000 C) $131,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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