ABC Manufacturing Company had the following account balances for the quarter ending March 31: Work-in-process inventory (January 1) Work-in-process inventory (March 31) Finished goods inventory (January 1) Finished goods inventory (March 31) Direct materials used Indirect materials used Direct manufacturing labor Indirect manufacturing labor Property taxes on manufacturing plant building Salespersons' company vehicle costs Depreciation of manufacturing equipment Depreciation of office equipment Miscellaneous plant overhead Plant utilities General office expenses Marketing distribution costs What is the cost of goods manufactured? $140,400 $170,000 $540,000 $510,000 $420,000 $84,000 $480,000 $186,000 $28,800 $12,000 $264,000 $123,600 $135,000 $92,400 $305,400 $30,000
ABC Manufacturing Company had the following account balances for the quarter ending March 31: Work-in-process inventory (January 1) Work-in-process inventory (March 31) Finished goods inventory (January 1) Finished goods inventory (March 31) Direct materials used Indirect materials used Direct manufacturing labor Indirect manufacturing labor Property taxes on manufacturing plant building Salespersons' company vehicle costs Depreciation of manufacturing equipment Depreciation of office equipment Miscellaneous plant overhead Plant utilities General office expenses Marketing distribution costs What is the cost of goods manufactured? $140,400 $170,000 $540,000 $510,000 $420,000 $84,000 $480,000 $186,000 $28,800 $12,000 $264,000 $123,600 $135,000 $92,400 $305,400 $30,000
Chapter1: Financial Statements And Business Decisions
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Accounting
Finished goods
Finished goods inventory (March 31)
Direct materials used
Indirect materials used
Direct manufacturing labor
Indirect manufacturing labor
Property taxes on manufacturing plant building
Time remaining: 00:09
ABC Manufacturing Company had the following account balances for the quarter ending March 31:
Work-in-process inventory (January 1)
Work-in-process inventory (March 31)
January 1)
Salespersons' company vehicle costs
Depreciation of manufacturing equipment
Depreciation of office equipment
Miscellaneous plant overhead
Plant utilities
* ... ... - 28 )
General office expenses
Marketing distribution costs
What is the cost of goods manufactured?
2
$140,400
$170,000
$540,000
$510,000
$420,000
$84,000
$480,000
$186,000
$28,800
$12,000
$264,000
$123,600
$135,000
$92.400
$305,400
$30,000
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