Muscat Corporation has the follawing cost recards for January 2019. Indirect factory labor 14,300 Factory utilities 10,100 Raw materials purchases 152,500 Factory repairs 12,600 Raw materials inventory 1/1/2019 16,700 Depreciation, factory equipment 9,440 Raw materials inventory, 1/31/19 22,800 Direct labor 175,60 Work in process, 1/1/2019 18,400 Factory insurance 8,360 Work in process, 1/31/19 25,200 Advertising costs 5,000 Finished goods, 1/1/19 5,000 Sales commissions 3,50 Finished goods, 1/31/19 7,500 Cost of shipping 2,50 What is the cost of goods manufacturing for 2019: Select one: O a. 370,000 O b. 376,000 O c. None of the answers are correct O d. 395,200 O e. 376,800
Muscat Corporation has the follawing cost recards for January 2019. Indirect factory labor 14,300 Factory utilities 10,100 Raw materials purchases 152,500 Factory repairs 12,600 Raw materials inventory 1/1/2019 16,700 Depreciation, factory equipment 9,440 Raw materials inventory, 1/31/19 22,800 Direct labor 175,60 Work in process, 1/1/2019 18,400 Factory insurance 8,360 Work in process, 1/31/19 25,200 Advertising costs 5,000 Finished goods, 1/1/19 5,000 Sales commissions 3,50 Finished goods, 1/31/19 7,500 Cost of shipping 2,50 What is the cost of goods manufacturing for 2019: Select one: O a. 370,000 O b. 376,000 O c. None of the answers are correct O d. 395,200 O e. 376,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Muscat Corporation has the follawing cost recards for January 2019.
Indirect factory labor
14,300 Factory utilities
10,100
Raw materials purchases
152,500 Factory repairs
12,600
Raw materials inventory 1/1/2019
16,700 Depreciation, factory equipment
9,440
Raw materials inventory, 1/31/19
22,800
Direct labor
175,600
Work in process, 1/1/2019
18,400
Factory insurance
8,360
Work in process, 1/31/19
25,200
Advertising costs
5,000
Finished goods, 1/1/19
5,000
Sales commissions
3,500
Finished goods, 1/31/19
7,500
Cost of shipping
2,500
What is the cost of goods manufacturing for 2019:
Select one:
O a. 370,000
O b. 376,000
Oc. None of the answers are correct
O d. 395,200
O e. 376,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd2064fdf-e793-4610-a133-5ed4869b3b7a%2Fa7cbeeae-ab9e-4cc6-9a9f-d7bc96b044a6%2Fn9itprl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Muscat Corporation has the follawing cost recards for January 2019.
Indirect factory labor
14,300 Factory utilities
10,100
Raw materials purchases
152,500 Factory repairs
12,600
Raw materials inventory 1/1/2019
16,700 Depreciation, factory equipment
9,440
Raw materials inventory, 1/31/19
22,800
Direct labor
175,600
Work in process, 1/1/2019
18,400
Factory insurance
8,360
Work in process, 1/31/19
25,200
Advertising costs
5,000
Finished goods, 1/1/19
5,000
Sales commissions
3,500
Finished goods, 1/31/19
7,500
Cost of shipping
2,500
What is the cost of goods manufacturing for 2019:
Select one:
O a. 370,000
O b. 376,000
Oc. None of the answers are correct
O d. 395,200
O e. 376,800
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education