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Boardman Company reported the following data for the month of January: Inventories: 1/1 1/31 $31,000 $12,000 $35,000 Raw materials Work in process Finished goods Additional information: Sales revenue Direct labour costs $210,000 $40,000 $70,000 $25,000 Administrative expenses $35,000 Assuming that cost of goods sold for Boardman Company for January was $140,000, what was the cost of goods manufactured for the month? Multiple Choice . • $139,000 $135,000 Manufacturing overhead costs Selling expenses . . $32,000 $18,000 $30,000 . $140,000 $145,000

Boardman Company reported the following data for the month of January: Inventories: 1/1 1/31 $31,000 $12,000 $35,000 Raw materials Work in process Finished goods Additional information: Sales revenue Direct labour costs $210,000 $40,000 $70,000 $25,000 Administrative expenses $35,000 Assuming that cost of goods sold for Boardman Company for January was $140,000, what was the cost of goods manufactured for the month? Multiple Choice . • $139,000 $135,000 Manufacturing overhead costs Selling expenses . . $32,000 $18,000 $30,000 . $140,000 $145,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Boardman Company reported the following data for the month of January: 1/1 1/31 $31,000 $12,000 $35,000 Inventories: Raw materials Work in process Finished goods Additional information: Sales revenue Direct labour costs $210,000 $40,000 $70,000 $25,000 Administrative expenses $35,000 Assuming that cost of goods sold for Boardman Company for January was $140,000, what was the cost of goods manufactured for the month? Multiple Choice Selling expenses Manufacturing overhead costs $139,000 $135,000 • $140,000 • $145,000 $32,000 . $18,000 $30,000 .
Transcribed Image Text:Boardman Company reported the following data for the month of January: 1/1 1/31 $31,000 $12,000 $35,000 Inventories: Raw materials Work in process Finished goods Additional information: Sales revenue Direct labour costs $210,000 $40,000 $70,000 $25,000 Administrative expenses $35,000 Assuming that cost of goods sold for Boardman Company for January was $140,000, what was the cost of goods manufactured for the month? Multiple Choice Selling expenses Manufacturing overhead costs $139,000 $135,000 • $140,000 • $145,000 $32,000 . $18,000 $30,000 .
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