Bradford, Inc., expects to sell 14,000 ceramic vases for $21 each. Direct materials costs are $2, vase. The following inventory levels apply to 2020: Beginning inventory 5,000 units 0 units 100 units OA $399,000 OB. $306,600 OC. $294,000 OD. $281,400 Ending inventory 5,000 units 0 units 700 units Direct materials Work-in-process inventory Finished goods inventory On the 2020 budgeted income statement, what amount will be reported for sales? CIT

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Bradford, Inc., expects to sell 14,000 ceramic vases for $21 each. Direct materials costs are $2, direct manufacturing labor is $12, and manufacturing overhead is $3 per
vase. The following inventory levels apply to 2020:
Beginning
inventory
5,000 units
Ending Inventory
5,000 units
Direct materials
Work-in-process inventory
0 units
0 units
Finished goods inventory
100 units
700 units
On the 2020 budgeted income statement, what amount will be reported for sales?
OA $399,000
OB. $306,600
OC. $294,000
OD. $281,400
ID
Transcribed Image Text:Bradford, Inc., expects to sell 14,000 ceramic vases for $21 each. Direct materials costs are $2, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. The following inventory levels apply to 2020: Beginning inventory 5,000 units Ending Inventory 5,000 units Direct materials Work-in-process inventory 0 units 0 units Finished goods inventory 100 units 700 units On the 2020 budgeted income statement, what amount will be reported for sales? OA $399,000 OB. $306,600 OC. $294,000 OD. $281,400 ID
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