Cost of Goods Sold that are NOT part of Goods Available for Sale are included in A. Work-in-Process Inventory beginning balance B. Work-in Process Inventory ending balance C. Direct Labor D. Finished Goods Inventory ending balance Given the following data, what is the cost of goods manufactured? Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Manufacturing Overhead Direct Labor Raw Materials used in production A. $125,000 B. $141,000 12:03 C. $146,000 D. $151,000 $6,000 9,000 12,000 17,000 3,000 5,000 21,000 30,000 95,000 12:03

Cost of Goods Sold that are NOT part of Goods Available for Sale are included in A. Work-in-Process Inventory beginning balance B. Work-in Process Inventory ending balance C. Direct Labor D. Finished Goods Inventory ending balance Given the following data, what is the cost of goods manufactured? Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work-in-Process Inventory Ending Work-in-Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Manufacturing Overhead Direct Labor Raw Materials used in production A. $125,000 B. $141,000 12:03 C. $146,000 D. $151,000 $6,000 9,000 12,000 17,000 3,000 5,000 21,000 30,000 95,000 12:03

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

Cost of Goods Sold that are NOT part of Goods Available for Sale are included in
A. Work-in-Process Inventory beginning balance
B. Work-in Process Inventory ending balance
C. Direct Labor
D. Finished Goods Inventory ending balance
Given the following data, what is the cost of goods manufactured?
Beginning Raw Materials Inventory
Ending Raw Materials Inventory
Beginning Work-in-Process Inventory
Ending Work-in-Process Inventory
Beginning Finished Goods Inventory
Ending Finished Goods Inventory
Manufacturing Overhead
Direct Labor
Raw Materials used in production
A. $125,000
B. $141,000
12:03
C. $146,000
D. $151,000
$6,000
9,000
12,000
17,000
3,000
5,000
21,000
30,000
95,000
12:03

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