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Inventories Beginning $34,000 135,000 110,000 Ending $40,000 150,000 102,000 Raw Materials Work in process Finished goods Other information: Plant janitorial services Administrative expenses Raw materials purchased Depreciation -Plant Building & Equipment Insurance on plant Depreciation expense on delivery truck Direct manufacturing wages $8,000 $121,230 $41,000 $32,500 $11,500 $18,250 $144,000 $575,000 $28,000 $23,700 Sales revenue Plant Utilities Sales commissions What is the cost for raw materials used during 2016? a. $80,000 Ob. $40,000 Oc. $35,000 $46.000

Inventories Beginning $34,000 135,000 110,000 Ending $40,000 150,000 102,000 Raw Materials Work in process Finished goods Other information: Plant janitorial services Administrative expenses Raw materials purchased Depreciation -Plant Building & Equipment Insurance on plant Depreciation expense on delivery truck Direct manufacturing wages $8,000 $121,230 $41,000 $32,500 $11,500 $18,250 $144,000 $575,000 $28,000 $23,700 Sales revenue Plant Utilities Sales commissions What is the cost for raw materials used during 2016? a. $80,000 Ob. $40,000 Oc. $35,000 $46.000

FINANCIAL ACCOUNTING
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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Inventories Beginning $34,000 135,000 110,000 Ending $40,000 150,000 102,000 Raw Materials Work in process Finished goods Other information: Plant janitorial services Administrative expenses Raw materials purchased Depreciation Plant Building & Equipment $8,000 $121,230 $41,000 $32,500 $11.500 $18.250 $144,000 $575,000 $28,000 $23,700 Insurance on plant Direct manufacturing wages Sales revenue Plant Utilities Sales commissions What is the cost for raw materials used during 2016? O a S80.000 b. $40,000 $35,000 S46.000
Transcribed Image Text:Inventories Beginning $34,000 135,000 110,000 Ending $40,000 150,000 102,000 Raw Materials Work in process Finished goods Other information: Plant janitorial services Administrative expenses Raw materials purchased Depreciation Plant Building & Equipment $8,000 $121,230 $41,000 $32,500 $11.500 $18.250 $144,000 $575,000 $28,000 $23,700 Insurance on plant Direct manufacturing wages Sales revenue Plant Utilities Sales commissions What is the cost for raw materials used during 2016? O a S80.000 b. $40,000 $35,000 S46.000
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