Material used = 10000+27000-8000 = 29000
Total manufacturing cost = 29000+30000+42000 = $101000
Cost of goods manufactured = 101000+18000-17000 = $102000
Cost of goods sold = 21000+102000-16500 = $106500
So answer is c) $106500
0 YouTube Drive IS&C ® KSL Cls AFCU O 123Shows Amazon Other B Figure 2.2 Lonborg...
YouTube Drive MİS&C ® KSL CIs AFCU 123 Shows Amazon Figure 2.2 Lonborg Co. had the following beginning and ending inventory balances for the year ended December 31, December 31 end) January 1.(beg) $10,0008,000 $18,000$17,000 $21,000$16,500 Materials Work in Process Finished Goods In addition, direct labor costs of $30,000 were incurred, overhead equaled $42,000, materials purchased were $27,000 and selling and administrative costs were $22,000. Lonborg Co. sold 25,000 units of product during the year at a sales price of...
Champagne of the South, Inc., a manufacturer of bottled sweet tea, had the following beginning and ending inventories for the year ended December 31, 2013: January 1 December 31 Raw Materials Inventory* $10,000 $1317 Work in Process Inventory $19308 $17,000 Finished Goods Inventory $21,000 $16,500 *Raw Materials Inventory consists of both direct material and indirect material. During the year, direct labor costs of $30,000 were incurred, manufacturing overhead totaled $42,000, materials purchased were $27,000, and selling and administrative costs...
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5 points Save Answer QUESTION 27 Figure 2-1. Concam Inc. manufactures television sets. Last month direct materials (electronic components, etc.) costing 5500.000 were put into production Direct labor of $800,000 was incurred, overhead equaled $450,000, and selling and administrative costs totaled $360,000. The company manufactured 8,000 television sets during the month. Assume that there were no beginning or ending work in process balances. Refer to Figure 2-1. The total product costs for last month were $1.750,000 $2,110,000 $1,300,000 $1,250,000 5...
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