Inventory balances for Spirit Light Ventures for November are as follows: Materials Work in process Finished goods O no response is correct. O $68,000. November 1 $74,000. O $72,000. $9,000 O $71,600. 16,000 36,000 During November, purchases of direct materials were $18,000. Direct labor and factory overhead costs were $20,000 and $28,000, respectively. The cost of goods manufactured in November was November 30 $ 7,000 12,000 4 30,000
Inventory balances for Spirit Light Ventures for November are as follows: Materials Work in process Finished goods O no response is correct. O $68,000. November 1 $74,000. O $72,000. $9,000 O $71,600. 16,000 36,000 During November, purchases of direct materials were $18,000. Direct labor and factory overhead costs were $20,000 and $28,000, respectively. The cost of goods manufactured in November was November 30 $ 7,000 12,000 4 30,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Vishano
![Inventory balances for Spirit Light Ventures for November are as follows:
Materials
Work in process
Finished goods
no response is correct.
O $68,000.
November 1
O $74,000.
O $72,000.
$9,000
O $71,600.
16,000
The cost of goods manufactured in November was
36,000
During November, purchases of direct materials were $18,000. Direct labor and factory overhead costs were $20,000 and $28,000, respectively.
November 30
$ 7,000
12,000
30,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6b7ced8-010b-4ce8-869c-e41d936a7725%2F05d30eab-a37b-401e-861f-69f4504e5261%2F80038k4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Inventory balances for Spirit Light Ventures for November are as follows:
Materials
Work in process
Finished goods
no response is correct.
O $68,000.
November 1
O $74,000.
O $72,000.
$9,000
O $71,600.
16,000
The cost of goods manufactured in November was
36,000
During November, purchases of direct materials were $18,000. Direct labor and factory overhead costs were $20,000 and $28,000, respectively.
November 30
$ 7,000
12,000
30,000
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