Muscat Corporation has the follawing cost recards for January 2019.Indirect factory labor14,300 Factory utilities10,100Raw materials purchases152,500 Factory repairs12,600Raw materials inventory 1/1/201916,700 Depreciation, factory equipment9,440Raw materials inventory, 1/31/1922,800Direct labor175,600Work in process, 1/1/201918,400Factory insurance8,360Work in process, 1/31/1925,200Advertising costs5,000Finished goods, 1/1/195,000Sales commissions3,500Finished goods, 1/31/197,500Cost of shipping2,500What is the cost of goods manufacturing for 2019:Select one:O a. 370,000O b. 376,000Oc. None of the answers are correctO d. 395,200O e. 376,800

The cost of goods manufactured is the cost incurred in manufacturing the product and completed but…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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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

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