Xia Company manufactures a single product. All raw materials used were direct materials. Current information for company follows: $ 16,000 Beginning raw materials inventory Ending raw materials inventory Raw material purchases 19,000 93,000 28,000 38,000 118,000 Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory The company's cost of direct materials used, cost of goods manufactured and cost of goods sold are: Option A Option B Option C Option D Option E Cost of Materials Used $93,000 $96,000 $90,000 $90,000 $96,000 Cost of Goods Cost of Goods Manufactured Sold $291,000 $291,000 $311,000 $291,000 $311,000 93,000 68,000 48,000 $271,000 $311,000 $271,000 $311,000 $291,000

Xia Company manufactures a single product. All raw materials used were direct materials. Current information for company follows: $ 16,000 Beginning raw materials inventory Ending raw materials inventory Raw material purchases 19,000 93,000 28,000 38,000 118,000 Beginning work in process inventory Ending work in process inventory Direct labor Total factory overhead Beginning finished goods inventory Ending finished goods inventory The company's cost of direct materials used, cost of goods manufactured and cost of goods sold are: Option A Option B Option C Option D Option E Cost of Materials Used $93,000 $96,000 $90,000 $90,000 $96,000 Cost of Goods Cost of Goods Manufactured Sold $291,000 $291,000 $311,000 $291,000 $311,000 93,000 68,000 48,000 $271,000 $311,000 $271,000 $311,000 $291,000

Name: Xia Company manufactures a single product. All raw materials used wer
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Description: Xia Company manufactures a single product. All raw materials used were direct materials. Current information for company follows:Beginning raw materials inventoryEnding raw materials inventoryRaw material purchasesBeginning work in process inventory

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject : Accounting