Based on the below information, compute the cost of goods manufactured for ABC Company Beginning of 2020 End of 2020 ABC company Direct manufacturing labor Work-in-process inventory Repairs and maintenance on plant Purchases of direct materials Finished-goods inventory Indirect manufacturing labor Marketing, distribution, and customer-service costs 20,000 22,000 21,000 3,000 70,000 18,000 23,000 16,000 108.000 Depreciation on plant, building, and equipment Direct materials inventory General and administrative costs 10,000 27,000 29.000 34,000 Plant insurance 7.000 A) $124 000 B) $146.000 C) $125.000 D) $159.000

Based on the below information, compute the cost of goods manufactured for ABC Company Beginning of 2020 End of 2020 ABC company Direct manufacturing labor Work-in-process inventory Repairs and maintenance on plant Purchases of direct materials Finished-goods inventory Indirect manufacturing labor Marketing, distribution, and customer-service costs 20,000 22,000 21,000 3,000 70,000 18,000 23,000 16,000 108.000 Depreciation on plant, building, and equipment Direct materials inventory General and administrative costs 10,000 27,000 29.000 34,000 Plant insurance 7.000 A) $124 000 B) $146.000 C) $125.000 D) $159.000

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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Question

Based on the below information, compute the cost of goods manufactured for ABC Company:
Beginning of
2020
End of
ABC company
Direct manufacturing labor
Work-in-process inventory
Repairs and maintenance on plant
Purchases of direct materials
Finished-goods inventory
Indirect manufacturing labor
Marketing, distribution, and customer-service
costs
2020
20,000
22,000
21,000
3,000
70,000
18.000
23,000
16,000
108.000
Depreciation on plant, building, and equipment
Direct materials inventory
General and administrative costs
Plant insurance
10,000
29.000
27.000
34,000
7,000
A) S124.000
B) S146.000
C) $125 000
D) $159.000

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