Expert Manufacturing reported the following: Revenue Beginning inventory of direct materials, January 1, 2015 Purchases of direct materials Ending inventory of direct materials, December 31, 2015 Direct manufacturing labor Indirect manufacturing costs Beginning inventory of finished goods, January 1, 2015 Cost of goods manufactured Ending inventory of finished goods, December 31, 2015 Operating costs $450,000 24,000 151,000 18,000 27,000 50,000 43,000 234,000 48,000 152,000 How much of the above would be considered period costs for Expert Manufacturing? $279,000 $284.000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Expert Manufacturing reported the following:
Revenue
Beginning inventory of direct materials, January 1, 2015
Purchases of direct materials
Ending inventory of direct materials, December 31, 2015
Direct manufacturing labor
Indirect manufacturing costs
Beginning inventory of finished goods, January 1, 2015
Cost of goods manufactured
Ending inventory of finished goods, December 31, 2015
Operating costs
$450,000
24,000
151,000
18,000
27,000
50,000
43,000
234,000
48,000
152,000
How much of the above would be considered period costs for Expert Manufacturing?
$279,000
$284,000
Transcribed Image Text:Expert Manufacturing reported the following: Revenue Beginning inventory of direct materials, January 1, 2015 Purchases of direct materials Ending inventory of direct materials, December 31, 2015 Direct manufacturing labor Indirect manufacturing costs Beginning inventory of finished goods, January 1, 2015 Cost of goods manufactured Ending inventory of finished goods, December 31, 2015 Operating costs $450,000 24,000 151,000 18,000 27,000 50,000 43,000 234,000 48,000 152,000 How much of the above would be considered period costs for Expert Manufacturing? $279,000 $284,000
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