The following information relates to Washington, Inc.:   Advertising Costs $11,200 Sales Salary 11,800 Sales Revenue 460,000 President's Salary 300,000 Office Rent 62,000 Manufacturing Equipment Depreciation 1,000 Indirect Materials Used 5,800 Indirect Labor 11,000 Factory Repair and Maintenance 900 Direct Materials Used 28,000 Direct Labor 28,000 Delivery Vehicle Depreciation 1,650 Administrative Salaries 29,500 How much were Washington's product costs?   A. $471,200   B. $576,150   C. $329,500   D. $74,700

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information relates to Washington, Inc.:

 

Advertising Costs $11,200

Sales Salary 11,800

Sales Revenue 460,000

President's Salary 300,000

Office Rent 62,000

Manufacturing Equipment Depreciation 1,000

Indirect Materials Used 5,800

Indirect Labor 11,000

Factory Repair and Maintenance 900

Direct Materials Used 28,000

Direct Labor 28,000

Delivery Vehicle Depreciation 1,650

Administrative Salaries 29,500

How much were Washington's product costs?

 

A. $471,200

 

B. $576,150

 

C. $329,500

 

D. $74,700

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