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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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