Sun Inc. has provided the following information: $ 60,000 Beginning Work-in-Process Inventory Beginning Raw Materials Inventory Purchases and Freight In of Raw Materials Ending Raw Materials Inventory Direct Labor 55,000 315,000 80,000 70,000 25,000 Depreciation-Plant and Equipment Plant Utilities, Insurance, and Property Taxes Ending Work-in-Process Inventory Selling and distribution overhead 15,500 23,000 40,000 Calculate the cost of goods manufactured. a) $412,500 b) $437,500 c) $477,500 d) $422 000
Sun Inc. has provided the following information: $ 60,000 Beginning Work-in-Process Inventory Beginning Raw Materials Inventory Purchases and Freight In of Raw Materials Ending Raw Materials Inventory Direct Labor 55,000 315,000 80,000 70,000 25,000 Depreciation-Plant and Equipment Plant Utilities, Insurance, and Property Taxes Ending Work-in-Process Inventory Selling and distribution overhead 15,500 23,000 40,000 Calculate the cost of goods manufactured. a) $412,500 b) $437,500 c) $477,500 d) $422 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Sun Inc. has provided the following information:
$ 60,000
55,000
Beginning Work-in-Process Inventory
Beginning Raw Materials Inventory
Purchases and Freight In of Raw Materials
Ending Raw Materials Inventory
315,000
80,000
Direct Labor
70,000
Depreciation-Plant and Equipment
Plant Utilities, Insurance, and Property Taxes
25,000
15,500
Ending Work-in-Process Inventory
Selling and distribution overhead
23,000
40,000
Calculate the cost of goods manufactured.
a) $412,500
b) $437,500
c) $477,500
d) $422,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F64825a25-c660-4efb-ae7b-e25570fdb560%2Fc8f67cba-a3f2-4e02-8f62-f5c11b0dcdbb%2F6g8f7eq_processed.png&w=3840&q=75)
Transcribed Image Text:Sun Inc. has provided the following information:
$ 60,000
55,000
Beginning Work-in-Process Inventory
Beginning Raw Materials Inventory
Purchases and Freight In of Raw Materials
Ending Raw Materials Inventory
315,000
80,000
Direct Labor
70,000
Depreciation-Plant and Equipment
Plant Utilities, Insurance, and Property Taxes
25,000
15,500
Ending Work-in-Process Inventory
Selling and distribution overhead
23,000
40,000
Calculate the cost of goods manufactured.
a) $412,500
b) $437,500
c) $477,500
d) $422,000
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