Selected data from Design Corporation for 2016 is as follows: Inventories Raw Materials Work in process Finished goods Beginning $34,000 135,000 110,000 Ending $40,000 150,000 102,000 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 Prime Cost is: O a. $354,000 O b. $224,000 O c. $179,000 Od $259 000
Selected data from Design Corporation for 2016 is as follows: Inventories Raw Materials Work in process Finished goods Beginning $34,000 135,000 110,000 Ending $40,000 150,000 102,000 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 Prime Cost is: O a. $354,000 O b. $224,000 O c. $179,000 Od $259 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Selected data from Design Corporation for 2016 is as follows:
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
Prime Cost is:
O a. $354,000
O b. $224,000
O c. $179,000
d. $259,000
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