McGown Corporation has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases Direct labor Manufacturing overhead applied Indirect materials Compute the total current manufacturing costs. Multiple Choice O Beginning Inventory (1/1) $ 23,500 $79,200 $259,300 18,400 36,000 Ending Inventory (12/31) $ 37,300 $ 105,600 81,100 86,400 0 27,400 27,200

McGown Corporation has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases Direct labor Manufacturing overhead applied Indirect materials Compute the total current manufacturing costs. Multiple Choice O Beginning Inventory (1/1) $ 23,500 $79,200 $259,300 18,400 36,000 Ending Inventory (12/31) $ 37,300 $ 105,600 81,100 86,400 0 27,400 27,200

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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McGown Corp has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Raw materials purchases Direct labor Manufacturing overhead applied Indirect materials. Beginning Ending Inventory Inventory (1/1) (12/31) $28,200 $30,900 $16,800 $ 23, 100 $30,300 $ 27,900 Multiple Choice Compute the direct materials used in production. $110,600 $30.900 $107, 900 $ 84,300 $ 85,100 $ 0 Prex
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